lithium battery packSanyo, which is restructuring with the help of shareholder
A typical PC battery pack is made up of several battery cells.
Sanyo, which competes with Sony Corp and Samsung SDI Co Ltd in lithium-ion batteries, targets solar battery cells and rechargeable batteries as its growth drivers, and it has earmarked 125 billion yen in capital spending for its rechargeable battery business for three years to March 2011.
Its lithium-ion batteries are used in four of every 10 mobile phones in the world.
Shares in Sanyo, which is restructuring with the help of shareholder Goldman Sachs were up 2.1 percent at 240 yen in morning trade on Thursday, outperforming the Tokyo stock market's electrical machinery index IELEC.which fell 0.7 percent.
($1=105.83 yen)
(Reporting by Taiga Uranaka and Kiyoshi Takenaka; Editing by Brent Kininmont)
