Sanyo will spend over $3 billion US on new battery tech in next three years
The billions will be spent on 1,000 engineers and to reach Sanyo's goal of mass producing "lithium ion batteries for hybrid vehicles by fiscal 2009 or fiscal 2010," the Asia Pulse writes (sorry, the article is behind a Lexis-Nexis wall and can't be linked to).
[Source: Asia Pulse]
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