Panasonic Looks to China for Lithium-Ion Battery Manufacturing
Japan's Panasonic, the world's leading producer of lithium ion batteries for electric and hybrid cars, has exclusively relied on domestic production of lithium-ion battery components. Now, according to Nikkei, the company is setting up shop in China to supply automakers such as Volkswagen and Toyota with batteries for its electrified vehicles.
“The electronics manufacturer has been making automotive lithium-ion batteries solely at its Kasai and other Japanese plants. It has relied exclusively on domestic production because of the technological sophistication required in making the batteries. With major customers such as Germany’s Volkswagen and Toyota Motor signaling plans to produce hybrids and EVs in China, Panasonic has decided to set up a supply system there.”
Is this just a small news item, or one more indication that China will dominate the future of EV battery production?
Panasonic, along with subsidiary Sanyo, currently holds a 20-plus percent share of the global market for all types of lithium-ion batteries.
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