Updated Wednesday, November 21, 2007 0:00 am TWN, AFP

Sanyo looks to battery business for survival

TOKYO -- Japanese consumer electronics maker Sanyo, finally seeing profit after years in the red, plans a major investment in its battery business to ensure survival, a newspaper said Tuesday. Sanyo Electric, the world’s top maker of lithium-ion batteries used in notebook computers and cellphones, will spend 100 billion yen (US$910 million) to boost production, the Nikkei business daily said. The company will make the investment over the three years from April 2008 as part of a new business plan, it said without identifying its sources.
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