Panasonic completes new lithium-ion battery plant in China

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Panasonic Corp on Tuesday said it has completed a new consumer lithium-ion battery factory built within the premises of itsnexisting factory in Suzhou, China. The new facility, now in operation, enables integrated production from polar plates to cells and battery packs within the Suzhou site and further strengthens the company’s competitiveness in the global market.

Lithium-ion batteries are expected to find wider applications in the new fields, including storage for solar and other renewable energy sources and as a power source for environmentally friendly vehicles. On the other hand, there has been a growing demand fornfurther cost reductions on consumer batteries used in such products as notebook computers and mobile phones, due to intensified global competition and the impact of currency exchange rates.

To meet such demand, Panasonic has set up integrated production systems in its three battery manufacturing bases in China: Suzhou, Wuxi and Beijing. The company said it will fully utilize these facilities to increase production of consumer lithium-ion batteries and cut costs by lifting the production ratio in China, procuring materials locally and reducing logistics costs.