Nissan and NEC form new company to mass produce lithium-ion batteries for the global automotive community

April 16, 2007 The evolution towards cleaner powertrains will see the proliferation of a wider mix of electric-powered vehicles including hybrids, plug-in hybrids, hydrogen fuel cell vehicles and electric vehicles. Accordingly, it is significant that Nissan Motor Company, NEC Corporation, and its subsidiary, NEC TOKIN, have signed an agreement to establish a joint-venture company – Automotive Energy Supply Corporation (AESC) – to focus on lithium-ion battery business for wide-scale automotive application by 2009.The establishment of AESC demonstrates that both Nissan and NEC firmly believe that lithium-ion battery technology will become an important energy-source in achieving a sustainable mobile society. Both companies are confident that there will be a ready and growing market for lithium-ion batteries in the next decade and beyond.

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