Fresh from regulatory approval of its $4.6 billion plan to purchase the battery-maker Sanyo Electric Co., Panasonic Corp. is in discussions with some 10 automakers to supply lithium-ion batteries for hybrid and electric vehicles, said Naoto Noguchi, president of Panasonic's battery division. ———- A Panasonic lithium-ion battery for EVs. ———- The talks include manufacturers from the U.S., India, Europe and Japan, he said. Panasonic is seeking to position itself as a front-runner in the burgeoning battery field, which it estimates will grow fivefold by 2018. The firm plans to invest $1.4 billion to triple its lithium-ion production by October 2011. “If demand continues to grow, we have concerns that production capacity might be insufficient,” Noguchi
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Panasonic Said to Be in Talks With 10 Automakers Over Li-ion Batteries for EVs
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