Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Sony mulls battery business sale

29 November 2012, 14:32

Tokyo – Sony is in talks with suitors including Taiwan's Hon Hai Precision over the sale of its battery business, as the Japanese firm tries to repair its dented balance sheet.

Sony, which in June announced the sale of its chemical division, was eyeing the sale to focus on core businesses, including its videogames unit, as it battles fierce overseas competition, the Nikkei business daily reported.

Hon Hai, which makes Apple gadgets in China and has been in separate talks over an investment in Sony rival Sharp, is among the prospective buyers, as well as Japanese and foreign investment funds, the Nikkei said.

Sony may also hold on to part of its battery business while selling off a stake in the division, which makes lithium ion batteries found in a range of consumer electronics, including mobile phones and computers, the report said.

"It is true that we are considering reviewing batteries and other businesses unrelated to our core electronics businesses, but we have nothing concrete so far," a Sony spokesman told AFP in response to the Nikkei report.

Sony, which expects to eke out a small annual profit after four years in the red, became the first company in the world to widely commercialise lithium ion batteries in the early nineties.

However, its global market share has more than halved from over 14% in 2008 to 6.9% in the April-June quarter this year as it runs up against competition from rising South Korean rivals, the Nikkei said.


Tags sony

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...