Nikkei. Sanyo Electric Co. will more than triple its production of NiMH batteries for hybrids, citing growing demand for these vehicles.
In fiscal 2008, Sanyo made such batteries for hybrid cars at a rate of 1 million units a month. And when it announced its business results in mid-May, the company said it would boost production by 150% and make 2.5 million units a month in fiscal 2009. But now, Sanyo has decided to boost production by 250% to a monthly rate of 3.5 million batteries in fiscal 2009.
It said it will invest several billion yen to expand production lines at its Sumoto plant, in Hyogo Prefecture, which is the only plant where it makes NiMH batteries for hybrid cars.
Sanyo supplies NiMH batteries to Honda and Ford, and is looking for more customers.