Feeds

NEC, Nissan lob $1.1bn at 'lectric car battery biz

Japan shames America

Intelligent flash storage arrays

In the States, tech giants can't build their own electric-car-battery plant without begging the government for the money. But in Japan, things are different.

According to a report from the Nikkei business daily - kindly flagged by Reuters - Nissan and NEC will invest at least $1.1bn in an effort to churn out lithium-ion batteries for roughly 200,000 electric and hybrid cars a year by early next decade. The two companies have already joined forces with NEC Tokin - a semi-NEC-spin-off - to produce lithium-ions for about 13,000 vehicles in 2009.

Next year, these batteries will be slotted into electric forklifts, but as production ramps, they'll also be used in Nissan's own electric and hybrid cars, slated for arrival in 2010.

With their fresh $1.1bn investment, Nissan and NEC plan to build a new lithium-ion battery factory in 2011 or later. Meanwhile, a consortium of US tech companies is requesting $1bn in federal aid to build a factory that would allow them to "catch up to Asian rivals."

Nissan, NEC, and NEC Tokin (a company that integrated with NEC's electronic components business in 2002) will build their lithium-ions through a joint venture dubbed the Automotive Energy Supply Corp. According to Nikkei and Reuters, the AESC is mulling factories in the US and Europe, where it can snap up low-interest loans offered by green-happy local governments.

Three other Japanese car manufacturers - Toyota, Mitsubishi, and Honda - have also announced joint ventures that will build batteries for 'leccy and hybrid cars. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Rosetta probot drilling DENIED: Philae has its 'LEG in the AIR'
NOT best position for scientific fulfillment
LIFE, JIM? Comet probot lander found 'ORGANICS' on far-off iceball
That's it for God, then – if Comet 67P has got complex molecules
'Yes, yes... YES!' Philae lands on COMET 67P
Plucky probot aces landing on high-speed space rock - emotional scenes in Darmstadt
HUMAN DNA 'will be FOUND ON MOON' – rocking boffin Brian Cox
Crowdfund plan to stimulate Blighty's space programme
THERE it is! Philae comet lander FOUND in EXISTING Rosetta PICS
Crumb? Pixel? ALIEN? Better, it's a comet-catcher!
SEX BEAST SEALS may be egging each other on to ATTACK PENGUINS
Boffin: 'I think the behaviour is increasing in frequency'
Post-pub nosh neckfiller: The MIGHTY Scotch egg
Off to the boozer? This delicacy might help mitigate the effects
I'M SO SORRY, sobs Rosetta Brit boffin in 'sexist' sexy shirt storm
'He is just being himself' says proud mum of larger-than-life physicist
NASA launches new climate model at SC14
75 days of supercomputing later ...
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.