Osaka, Nov 29, 2011 - (JCN Newswire) - The Panasonic Group today announced that it will supply lithium-ion batteries for Toyota Motor Corporation's Prius Plug-in Hybrid. This will be the first time for the Panasonic Group to supply its lithium-ion batteries for a mass production plug-in hybrid vehicle.
Given the growing public concern for conserving the environment and escalating oil prices, the demand for rechargeable batteries for eco-friendly vehicles is expected to grow rapidly. In response to this, the Panasonic Group is enhancing its development abilities and strengthening its business for rechargeable batteries for eco-friendly vehicles. The Panasonic Group is already supplying nickel-metal hydride batteries and systems for hybrid vehicles to a number of automobile makers globally and is also carrying out joint development of lithium-ion battery systems for hybrid vehicles with other car manufacturers.
The Panasonic Group is aiming to accelerate the development and commercialization of high performance rechargeable batteries for eco-friendly vehicles and further expand its rechargeable battery business globally.
About Panasonic
Panasonic Corporation is a worldwide leader in the development and manufacture of electronic products in three business fields, consumer, components & devices, and solutions. Based in Osaka, Japan, the company recorded consolidated net sales of 7.85 trillion yen for the year ended March 31, 2012. Panasonic's stock is listed on the Tokyo, Osaka, Nagoya and New York (NYSE:PC) Stock Exchanges. The company has the vision of becoming the No. 1 Green Innovation Company in the Electronics Industry by the 100th year of its founding in 2018. For more information on Panasonic, its brand and commitment to sustainability, visit the company's website at http://panasonic.net/.
About Sanyo Electric Co Ltd
SANYO ELECTRIC CO., LTD. manufactures electrical appliances and equipment for household and industrial use. The Company's products include household appliances, audio/video equipment, semiconductor products, and batteries. Sanyo's industrial equipment includes vending machines and commercial use kitchen appliances. www.sanyo.com
Contact:
Global Public Relations Office
Panasonic Corporation
Tel: +81-3-6403-3040
Fax: +81-3-3436-6766
Global Communications Department
SANYO Electric Co. Ltd
Tel: +81-3-6364-3611
Fax: +81-3-3837-6271
Nov 29, 2011
Source: Panasonic
Source: Sanyo Electric Co Ltd
Panasonic (TSE: 6752) (U.S: PC)
Sanyo Electric Co Ltd (TSE: 6764) (NASDAQ: SANYY)
From the Japan Corporate News Network
http://www.japancorp.net
Topic: Press release summary
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