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Panasonic expanding overseas car battery production -- sensibly

Impossible to fully meet surging demand: battery business chief

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Panasonic's lithium-ion batteries, which are part of Tesla Motor's Model S and Model X battery packs, are displayed in front of a poster of a Tesla car.   © Reuters

TOKYO -- As electric vehicles rapidly gain ground in the global auto market, huge growth in demand is expected for car batteries.

Panasonic is reacting by expanding overseas production capacity in the field, but will not chase unrealistic targets, according to Yoshio Ito, executive vice president in charge of the corporation's automotive and electric parts businesses.

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