Panasonic decided to reduce its stake in PEVE to speed up the process of getting approvals from antitrust authorities in China and the U.S. The planned purchase of Sanyo would hand Panasonic a market share of around 80% in nickel hydride batteries.
Panasonic decided to decrease its ownership in PEVE to expedite obtaining approvals from antitrust authorities in China and the U.S. The planned acquisition of Sanyo would give Panasonic a market share of roughly 80% in nickel-metal hydride batteries.