Deal – Sanyo To Supply Batteries for Peugeot, Citroen image

Sanyo said it would supply nickel-metal hydride batteries to PSA Peugeot Citroen’s hybrid cars, broadening the pool of customers for its green car batteries.

Sanyo will provide its battery systems for the diesel-electric hybrid cars that the French maker plans to start manufacturing on a commercial basis in 2011, the world’s largest rechargeable battery maker said.

Battery systems are made up of battery cells and a component that controls the flow of electricity.

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.

Source: GreeenCar Congress via Reuters