The Nikkei newspaper is reporting that most of the funding will go towards increasing production capacity at a company facility in Hyogo Prefecture. Sanyo will begin producing li-ion batteries for at least two automakers (undisclosed) near the end of 2011. After that, the company is aiming very high with hopes of capturing 40 percent of the entire global market by 2020. That's a lot of 345-mile trips.
[Source: Nikkei – sub. req. via Green Car Advisor]