The Nikkei newspaper has reported that Nissan is planning to invest a total of ¥100 billion (about $1.1 billion US) or more to manufacture lithium ion batteries.
Nissan has accelerated its plan to produce large-capacity lithium ion batteries for around 200,000 vehicles. The company is working with NEC group and plans to set up factories in Japan, Europe, and the United States. Honda is also planning on producing up to 500,000 lithium ion batteries for hybrid vehicles by mid-2010.
This is very good news considering the current global economic meltdown and the state of the automobile industry.
- Nissan to Sell Electric Cars in US by 2010
- Nissan Stealthily on Track for Electric Car World Domination
- Honda’s Plans Include Electric Motorcycles and Diesel Cars
- Report Claims Every New Car Will Be a Hybrid By 2020
Source: Nikkei Newspaper (in Japanese)
Image Credits: Tetsuya Yokoyama / M. Koguchi