Sanyo seeking new customers for lithium ion batteries

The world's number one rechargeable battery maker is seeking out new automotive clients in an attempt to stay on top of the heap. With its competitor, Matsushita (Panasonic), snapping at its heels with plans to triple output, Sanyo is on the hunt for new contracts from auto manufacturers. Sanyo's nickel metal hydride (NiMH) batteries are already in the Ford Escape hybrid but it is lithium ion where the company will no doubt want to focus its efforts, especially given that companies like Audi seem keen on the newer tech. They are also currently investing billions in that effort.

Using something of a shotgun approach, Sanyo says it's in talks with 5 or 6 different companies on three different continents.They had already been cooperating with Volkswagen on lithium ion batteries for hybrids coming to market in 2010. Volkswagen is also presumed to use that company's batteries for its planned all-electric vehicles as well. In a boast to Reuters, Sanyo Electric Senior Vice President Masato Ito said of their nearest competitor, "By the time Matsushita has raised its capacity to 75 million, ours will be well over 100 million." We can only hope that all this increased investment and battery braggadocio will result in lower prices.

[Source: Guardian]

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