Bankrupt lithium-ion battery maker A123 Systems may have gained a new owner, but will lose a lot of money in the pending sale to China-based Wanxiang Group, Reuters reports, citing an unidentified US Energy Department official.
In an effort to promote a membership-based charging service for electric vehicles (EVs), Nissan has signed a Memorandum of Understanding (MOU) with Sumitomo and NEC Corporation. Under terms laid out in the MOU, the trio of companies will conduct a study aimed at developing charging facilities that can provide continuous and readily accessible service to EV drivers that elect to take part in the membership program.
NEC Corporation, a Japanese-based advanced technology company, announced plans to substantially increase its production capacity for the electrodes used in rechargeable lithium-ion batteries. The firm intends to boost electrode output fivefold to meet increasing demand for advanced batteries.
Nissan 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.
Nissan admits that it has fallen behind when it comes to eco-friendly automobile technology, and it's working hard at rectifying that situation. With all of Nissan's ambitious plans for electric and hybrid vehicles in the coming years, it is going to need lots and lots of batteries, lithium ion batteries in specific. To that end, the Jeremy Korzeniewski
Nissan and NEC are teaming up for a new joint venture to develop and produce lithium ion battery packs for hybrid and electric cars. The new venture will start mass producing batteries in 2009 which should be just in time for Nissan's previously announced in-house developed hybrid system. Automotive Energy Supply Corporation (AESC) will focus on automotive ba