Sony to lift lithium ion battery output capacity by end of...

Sony to lift lithium ion battery output capacity by end of 2010
Tuesday, August 05, 2008; Posted: 01:10 AM 7 Stocks You Need To Know For Tomorrow -- Free Newsletter
TOKYO, Aug 5, 2008 (Asia In Focus via COMTEX) -- SNE | Quote | Chart | News | PowerRating -- SONY CORP. (TSE:6758) said Monday that it plans to invest 40 billion yen (US$369.9 million) to raise its monthly lithium ion battery output capacity to 74 million units by the end of 2010 from roughly 41 million units now. Over the three years through fiscal 2010, the electronics giant will invest to build an electrode factory at SONY ENERGY DEVICE CORP.'s Motomiya Technology Center in Fukushima Prefecture and to add battery cell production lines at the subsidiary's Tochigi Technology Center in Tochigi Prefecture.
* The stepped-up investment is aimed at tapping growing demand for lithium ion batteries for use in cordless power tools, shavers and other small consumer electronics products.

* At present, roughly 50 per cent of Sony's lithium ion batteries are used in cellular phones, with slightly more than 20 per cent supplied for use in notebook computers.

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