Matsushita will invest $720 million to create a new lithium battery plant in China Suzhou
September 30 news, according to Japanese media, Japan’s Matsushita in 2012 will invest $ 720 million to establish a new lithium battery plant in Suzhou, and with 3-4 years of production in China will be increased from the current 10-20% to 50% so.
Japan’s Panasonic will re-adjust the lithium batteries used in cell phones and computers of domestic production facilities before the year 2012 eight domestic factories cut in half, to four related products focused on plant production.
The future, such products will stop large-scale investment in Japan in favor of expanding the production scale in China. Following Beijing, Wuxi, the 2012 built a new factory in Suzhou, and increase existing plant capacity, with a total investment of 55 billion yen (about $ 720 million), with 3-4 years of production in China increased from the current 10-20% to 50%. The future will increase in local procurement of parts cheaper to expand the production scale to reduce manufacturing costs by about 30%, Samsung and other Korean companies respond to the challenge.
Although the Panasonic lithium battery production companies to stop investment in general, but for hybrid vehicles in order to prevent the loss of vehicle battery technology, the future will focus on the domestic production of such products.