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Nissan and NEC Investing $1.1 Billion To Build Hybrid/EV Batteries

By KBB.com Editors on December 30, 2008 1:30 PM

Japan's Nikkei Business News is reporting that Nissan Motor Company and electronics giant NEC Corporation have joined forces to create a new entity that will start producing advanced Lithium-Ion (Li-ion) battery packs for use in Nissan and other hybrid and electric vehicles. According to the Nikkei story, this new venture, to be called Automotive Energy Supply Corporation (AESC), is due to commence manufacturing of up to 13,000 Li-ion packs for commercial applications sometime next year. Beyond that, it's charged with supplying the expected 65,000 power cell packs that will be required for Nissan's first plug-in electric vehicle that's set to arrive in 2010. According to Nikkei sources, future AESC output would be around 200,000 Li-ion packs annually. They would be manufactured in plants located in Japan as well as in the U.S. and in Europe, specifically, in France, which is home to Nissan's parent company, Renault.

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