Sony Corp. (6758) is reportedly in talks with Taiwan's Hon Hai Precision Industry Co., as well as Japanese and foreign investment funds, for a potential sale of its battery business. The sale could be partial. Sony's battery business generated roughly JPY 142.5 billion (USD1.7 billion) in sales in the year ended March 2012.
According to a Tokyo research firm, Sony controlled 6.9% of the global market for lithium ion batteries in the April-June quarter this year, placing the company at fourth in the world after Samsung SDI Co., Panasonic Corp. (6752) and LG Chem Ltd.
November 30, 2012
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