The FINANCIAL — SANYO Electric Co., Ltd. (SANYO) is pleased to announce the upcoming construction of a new facility within its Kasai Plant (Kasai City, Hyogo), for the manufacture of hybrid electric vehicle (HEV) Lithium-ion (Li-ion) batteries.
This plant is already a base for the company's development of HEV-use battery systems. The new facility will help meet the growing demand for rechargeable batteries used in environmentally friendly vehicles.
"Given the growing public concern for environmental protection, SANYO is strengthening its business by intensively developing rechargeable batteries for environmentally friendly vehicles, which are expected to see a surge in demand in the coming years. In addition to providing HEV nickel-metal hydride batteries to Ford and Honda, SANYO has been carrying out joint development with Volkswagen for next-generation nickel-metal hydride battery systems, and lithium-ion battery systems. SANYO has already installed mass-production equipment at its Tokushima Plant for the manufacture of HEV-use Li-ion batteries, and production is scheduled to begin by the end of 2009," SANYO announces.
By building this new facility at the Kasai Plant, SANYO will be able to ensure a production system to meet demand from multiple automakers in the growing market for HEV-use Li-ion batteries. Initially production will start at one million cells per month, which is expected to expand significantly along with the demand.
SANYO will continue to actively invest in the HEV business as priority area, and globally expand its business in rechargeable batteries used in environmentally friendly vehicles.
Outline of the new Facility
1. Construction cost: About 13 billion yen (not including incidental construction costs)
2. Scheduled construction period: Sept. 2009 to July 2010
3. Floor space: 41,400m2 (4 stories)
4. Product: Lithium-ion batteries for HEVs
5. Production capacity: Initially expected to be 1 million cells per month
Outline of the Kasai Plant (as of April 30, 2009)
1. Site name: Kasai Plant
2. Location: 194-4, Tokonabe-cho, Kasai City, Hyogo
3. Site area: About 188,000m2
4. Total building floor space: About 20,000m2 (not including new facility)
5. Business areas: Development of HEV nickel-metal hydride battery systems
Design and development of household electrical appliances including vacuum cleaners, massage chairs, and electric hybrid vehicles
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