With Sanyo, Panasonic dominates hybrid batteries

Panasonic to acquire Sanyo

Today, Panasonic develops batteries for Toyota's hybrid cars. Tomorrow, it will also develop batteries for the hybrids of Ford, Honda, and VW with its acquisition of Sanyo.

"The top officials of the two companies have also agreed in their meeting that Sanyo’s management independence will be respected, said the sources, adding the corporate and brand names will be maintained...Panasonic would secure a dominant global market share in the lithium-ion battery business and would obtain the photovoltaic cell business by acquiring Sanyo."

Source: GreenCarCongress