Panasonic Buying Out Solar Tech and Rechargeable Battery Makers
July 29, 2010 at 19:49 PM EDT
Panasonic announced today that it will buy out two of its subsidiaries, Sanyo and Panasonic Electric Works, for $9.4 billion. Sanyo is the largest lithium-ion rechargeable battery producer and 11th-largest solar cell producer in the world with a quickly-growing solar panel manufacturing arm according to company statements.