and NEC are apparently seeing a lot of potential for their lithium battery joint venture. The Japanese Nikkei is reporting that Automotive Energy Supply Corp. will spend upwards of $1.1 billion on production facilities for lithium ion batteries to be used in hybrid
and electric vehicles
. The original production plan for 13,000 units in 2010 and 65,000 in 2011 has apparently been pulled ahead a year. The 2011 target is now for 200,000 batteries a year.
The partnership is apparently quite bullish on the prospects for its involvement with Better Place and other electric vehicle test programs. Nissan and NEC may even add more production capacity in Europe and the US in order to supply battery packs to other car makers.