SANYO Electric Co., Ltd. engages in the development, manufacture, and sale of electric products principally in Japan, Asia, and North America. Its Energy Business division offers photovoltaic modules, rechargeable batteries, and lithium-ion batteries. The companys Electronics Business division provides electronic components, such as optical pickups and capacitors; semiconductors for car electronics, personal computers, and home appliances; and digital cameras, TVs, and projectors. SANYOs Ecology Business division offers cold-chain equipment, such as showcases and commercial kitchen equipment; commercial air conditioners, washing machines and dryers, biomedical equipment, and medical information systems; refrigerators and electric hybrid bicycles; and car electronics, including car navigation systems and audio equipment. The company was founded in 1947 and is headquartered in Osaka, Japan. As of December 9, 2009, SANYO Electric Co., Ltd. operates as a subsidiary of Panasonic Corporation.