NAGOYA, Dec.
Toyota Motor Company Kyodo News
Plans to purchase new shares of its joint venture with Panasonic
Additional funding to improve car production capacity
People familiar with the matter said Friday that batteries were used.
Toyota is making arrangements to raise its stake in Panasonic EVEnergy Co.
By purchasing new shares that will be allocated to its group company source said, it has increased from the current 60% shares to 80% shares.
Panasonic, which owns 40% of the joint venture, has been asked by China's anti-monopoly agency to reduce its stake in order to turn Sanyo Electric Co. into a profit.
The world's largest supplier of lithium-ion batteries has become a subsidiary.
By assigning new shares to Toyota group, the two companies aim to avoid any risk of leakage of battery technology.
Panasonic Electric Vehicle Energy is currently in full operation as it is working hard for toyota's best-
Sales of Prius hybrid