Feeds

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

Japan shames America

Secure remote control for conventional and virtual desktops

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Renewable energy 'simply WON'T WORK': Top Google engineers
Windmills, solar, tidal - all a 'false hope', say Stanford PhDs
FORGET the CLIMATE: FATTIES are a MUCH BIGGER problem - study
Fat guy? Drink or smoke? You're worse than a TERRORIST
SEX BEAST SEALS may be egging each other on to ATTACK PENGUINS
Boffin: 'I think the behaviour is increasing in frequency'
HUMAN DNA 'will be FOUND ON MOON' – rockin' boffin Brian Cox
Crowdfund plan to stimulate Blighty's space programme
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 ...
Britain's HUMAN DNA-strewing Moon mission rakes in £200k
3 days, and Kickstarter moves lander 37% nearer takeoff
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.