Financial Times FT.com

Lithium-ion battery production rises on demand

By Jonathan Soble in Tokyo

Published: November 15 2007 12:09 | Last updated: November 15 2007 12:09

Japanese electronics makers are rapidly expanding production of lithium-ion batteries, the rechargeable cells used in mobile devices such as cell phones and laptop computers, to meet surging worldwide demand.

Matsushita Electric Industrial, maker of the Panasonic brand, said on Thursday it would build a new lithium battery plant in western Japan as part of an effort to raise production by half over the next three years.

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