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Intensifying price competition from South Korean battery manufacturers has driven Sanyo Electric Co. and GS Yuasa Corp. to dissolve their long-standing lithium-ion battery joint venture (JV). According to a joint announcement, the liquidation of the Sanyo GS Soft Energy Co. JV was inevitable as the venture had posted net losses for two years running. The decision to dissolve the JV may hinder Sanyo's ability to collect loans valued at 4 billion yen ($47.5 million U.S. at the current exchange rat

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