Nissan and Honda will Mass-Produce Lithium Ion Batteries Soon

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 EV01

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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.

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Source: Nikkei Newspaper (in Japanese)

Image Credits: Tetsuya Yokoyama / M. Koguchi

Tetsuya Yokoyama

Originally from Kanazawa, Japan, Tetsuya graduated with honors and distinction in major from the University of California, Santa Barbara in Environmental Studies, and also completed a Global Operations Management certification program at the University of California, Irvine. He loves biking and playing soccer, and very interested in all kinds of green products and services. He used to drive his beloved hybrid car, Honda Insight in Southern California. Tetsuya currently writes about green matters from Tokyo, Japan. He hopes to make our planet a little more human and environmentally friendly place by spreading and sharing green stories.