Friday April 13, 2:14 PM
Nissan, NEC battery jv to start operations this month
TOKYO, April 13 (Reuters) - Nissan Motor Co. , NEC
Corp. and unit NEC Tokin Corp. said on Friday
they would form a joint venture this month to develop and market
lithium-ion batteries for mass automotive application by 2009.
Nissan and NEC Group will invest 490 million yen ($4.1
million) in the venture.
The company, to be called Automotive Energy Supply Corp.
(AESC), will market the batteries to customers in the auto
industry, the partners said in a statement.
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