Panasonic To Boost Lithium Ion Battery Output In China

Nikkei reports that Panasonic Corp. (NYSE:PC) group plans to overhaul its production structure to boost lithium ion battery production.

The editorial is quoted as saying:

Panasonic and Sanyo Electric Co., which became a 100% unit on April 1, had a combined 26% share of the worldwide lithium ion battery market in 2010. Panasonic plans to invest 20-30 billion yen through 2012 to lift Chinese output by constructing a new plant and upgrading existing facilities there.

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