Nissan Puts Electric Car Plans into High Gear

The Nissan, NEC joint-venture, Automotive Energy Supply Corp. (AESC) plans to build its first lithium battery production line at a Nissan facility in Kanagawa Prefecture southwest of Tokyo.

Published: 19-May-2008

TOKYO (AFP) — Nissan Motor Co., playing catch-up in fuel-efficient motoring, said Monday that it and NEC Corp. will invest 115 million dollars to mass produce new batteries for electric, hybrid and fuel-cell vehicles.

The push into advanced lithium-ion batteries comes as Japanese automakers invest in an array of new environmentally friendly car technologies amid soaring prices at the pump.

Nissan has been slower than rivals Toyota Motor Corp. and Honda Motor Co. to embrace petrol-electric hybrids, but it aims to become the industry leader in electric vehicles.

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