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Panasonic plans to transfer more lithium battery production in China

Reuters, Tokyo, April 23 - - Nihon Keizai Shimbun reported on Saturday, Matsushita (Panasonic) Lithium-ion battery production will further shift from Japan to China to reduce production costs and maintain the largest in the global market share.

    Nikkei reported, Panasonic will be invested by 2012 200-300 billion yen for the construction of a new plant in China, and upgrade facilities. The report did not mention the source.

    The Nikkei said, according to the plan, the company expects 2015 production costs reduced by 30%, battery production in China accounts for 50%. Currently 80-90% of the company's lithium battery production in Japan, the rest in China.

    According to reports, Panasonic plans, including car batteries, including when the battery than the 2009/10 fiscal year, revenue tripled to reach 1 trillion yen.

    Panasonic could not be reached for comment.

    According to research firm TechnoSystemsResearch, Panasonic and its wholly owned subsidiary of Sanyo Electric in the global lithium market share of about 26% of the total share.

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