"Sanyo Signs Deal To Supply Batteries for Peugeot, Citroen Diesel Hybrids" Green Car Advisor

Sanyo Signs Deal To Supply Batteries for Peugeot, Citroen Diesel Hybrids

Sanyo Electronics, which wants to be the world's biggest EV and hybrid battery supplier, has put another notch in its belt as it signs France's PSA Peugeot-Citroen as a client for nickel-metal hydride batteries.

The automaker will use Sanyo's NiMH batteries in its upcoming (not for U.S.) diesel-electric hybrids -the Peugeot 3008 Hybrid4 crossover (right) and the Citroen DS5 Hybrid 4 - which are slated to go into production in 2011.

Sanyo, which also supplies hybrid batteries to Ford and Honda and has a joint venture deal to produce nickel-metal hydride batteries with Volkswagen, has said it wants to capture 40 percent of the global market share for both NiMH and lithium-ion batteries by 2020.

The company has agreed to become subsidiary of electronics giant Panasonic Corp. and even as it boosts it hybrid and EV battery operations reportedly is looking to sell part of its rechargeable battery business to a unit of Fujitsu Corp. to avoid anti-trust problems.