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TOKYO (AP) - Osaka-based electronics maker Sanyo Electric Co. said Wednesday it will spend 30 billion yen ($245 million) to boost output of lithium-ion batteries for laptop computers.
Sanyo Electric will expand production lines at two of its plants in Japan to raise output of the rechargeable batteries to 70 million a month from 60 million, a company spokesman told Dow Jones Newswires.
Sanyo Electric also plans to build a new rechargeable battery plant in Japan in the 2008 financial year, he said, but it hasn't yet selected a site.
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