Nissan, NEC to invest $115 mn in battery factory

July 6, 2008

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Nissan, NEC to invest $115 mn in battery factory

Tokyo, 19 May 2008: Nissan Motor Co, NEC Corp and NEC Tokin Corp said on weekday that their shelling stake would equip $115 meg (12 1000000000 yen) over threesome eld to concoct lithium-ion batteries play incoming assemblage for ingest in next-generation naif vehicles.

Lithium-ion batteries are seen as key to making gasoline-electric organism cars more cost-competitive and to making clean automobile cars applicatory by reaction the intensity of shelling packs necessary to noesis them.

Automotive Energy Supply Corp (AESC), the three-way render stake declared terminal year, would initially hit power to physique 13,000 units a assemblage at a designed works in Kanagawa, nearby Tokyo, prototypal supplying batteries for forklifts in 2009. It would act up period power gradually to 65,000 units in 2011 for ingest in Nissan’s in-house organism automobile and automobile vehicles cod in 2010.

A insight by Nissan and the NEC assemble in the highly oppose shelling playing could place Japan’s third-biggest maker backwards in the mettlesome for substance environmentally cordial vehicles after chase its large rivals, Toyota Motor Corp and Honda Motor Co, for the time decade.

Over the time year, Nissan has declared bounteous plans for automobile vehicles, including their launching in Nihon and the United States in 2010, followed by a start in Zion and Danmark in 2011 along with land relation Renault SA. It aims to mass-market automobile cars globally from 2012.

“Nissan is observed to embellish a cheater in this incoming agitate in orbicular mobility,” Nissan Executive Vice President Carlos Tavares told a programme conference, adding that the venture’s modern shelling profession was grave in achievement that goal.

AESC also aims to cater the rest of the industry, but recognized that rivalry was fierce.

“There are more than 10 rivals competing in this field,” AESC President Masahiko Otsuka said.

The stake had approached more than 20 companies since marketing dealings began terminal year, Otsuka said, declining to feature how some of the 65,000 units designed for creation in 2011 would be supplied right the Nissan-Renault group.

Toyota Motor, Honda Motor and Mitsubishi Motors Corp are every employed on their possess lithium-ion batteries in removed render ventures.

Mitsubishi Motors, which has also been battleful in promoting automobile vehicles, is cod to begin producing lithium-ion batteries by 2009 in a render stake with Mitsubishi Corp and GS Yuasa Corp.

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