In order to meet the ever growing demand for alternate energy, hybrid vehicles, Sanyo will increase NiMH battery production by 350%. Obviously, momentum has grown steadily and demand for the gas sipping vehicles is on the rise. This is a great sign that the people of the world are realizing the importance of reducing their reliance on oil.
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 and expanded business.
Posts
No comments:
Post a Comment