nissan and nec to form new company for advanced …

Tokyo, Japan, April 13, 2007-(JCN Newswire)-
Nissan Motor Company, Ltd.
NEC Corporation and its subsidiaries, nec tokin Corporation, signed an agreement to establish a joint venture
Startup company-
Automotive Energy Supply Corporation (AESC)-
Focus on lithium-
Wide-ion battery business
By 2009, the scale of automobile application will be expanded.
Nissan and NEC Group will invest 0. 49 billion yen (approx. USD 4. 1 million*)
In partnership
AESC is expected to start operations by the end of April 2007 and will operate as an independent company.
The new company will focus on the development and marketing of advanced lithium
Ion batteries, designed to power generations to come
Power car.
A year later, the partnership will expand to mass production and sales.
The new joint venture will become a leading company in mass production of lithium
Use the leading technology developed by Nissan and NEC Group to provide ion batteries to the global automotive community.
NEC and nec tokin have expertise in battery technology and battery manufacturing;
While Nissan will focus on the real battery stack
World applications in electrical
Power car.
The core product of AESC will be advanced lithium
For ion batteries for automotive applications, the company will be fully responsible for selling products to other potential customers in the automotive industry.
AESC will produce lithium on a large scale
Ion batteries with a series of unique properties make them a competitive and attractive energy source
Generation solutions for automotive applications.
Many of the benefits the new battery will offer include:
Edge and environment
Friendly technology, cost competitive, excellent performance, safety and versatility.
Nissan\'s partnership with NEC is a key component of its \"Nissan Green Plan 2010\"
Environmental Action Plan announced in December 2006.
\"As a sincere ecology
Innovation, Nissan continues to move forward-
Look for \"green technologies\" that help with sustainable mobility \".
Carlos Tavares, executive vice president of Nissan Motor, said: \"Nissan will launch our own original hybrid by 2010, and then launch our next generation of electric vehicles early in the next decade.
\"Nissan, together with NEC\'s engineers, meets key challenges such as cost, performance, safety and reliability --
We believe we have breakthrough technology in lithium.
We will produce ion battery products.
With AESC, this battery will be available to all car manufacturers and we expect this to further accelerate the development of eco-cars in the coming generations
Friendly vehicles.
\"NEC brings years of knowledge, expertise and resources in the field of lithium
Through the knowledge of nec tokin, ion battery technology
How to Train through years of experience in battery business. Further co-
With the development of Nissan to make a superior-
We expect a first class battery that will spread in the market at an unbeatable speed, as it will certainly bring rich benefits to our future ecology
\"Conscious customers,\" said Konosuke Kashima, executive vice president of NEC . \".
\"In addition, the alliance with Nissan guarantees that Nissan is a potential customer of AESC.
We will also try to accelerate growth by expanding marketing to global automakers.
\"The development of a cleaner power system will see the spread of a wider mix of electricity
Power vehicles including hybrid and plug-in hybrids
In hybrid vehicles, hydrogen fuel cells and electric vehicles are available to customers.
The establishment of AESC shows that both Nissan and NEC firmly believe in lithium-
Ion battery technology will become an important energy source.
The source solution for achieving a sustainable mobile society.
Both companies are confident that the lithium market will be a ready-made and growing market.
Ion batteries in the next decade and beyond.
New company outline * calculated by 1 yen = 0.
About $00837922 (NEC (TSE: 6701; NASDAQ: NIPNY)
One of the world\'s leading providers of Internet, broadband networks and enterprise business solutions, dedicated to meeting the special needs of its diverse and global customer base.
NEC provides tailor-made solutions in key areas of computer, network and electronic equipment by integrating the technical advantages of IT and network and providing advanced semiconductor solutions through NEC Electronics.
NEC Group has more than 150,000 employees worldwide.
For more information, visit the NEC Home Page: or Newsroom: About Nissan Motors, Ltd.
Nissan Motor Company, Ltd.
Founded in 1933, Datsun, a small passenger car, and related auto parts are mainly produced and sold.
The company sells a variety of passenger cars, commercial vans, trucks and buses, parts and components in more than 170 countries.
The company has also expanded its business to include forklifts, textile machinery and other industrial machinery and equipment.
In 1999, Nissan\'s partnership with French carmaker Renault helped Nissan achieve its best results in a decade.
The company has 342 combined subsidiaries worldwide.
About the next creation of NEC Tokin nec tokin Corporation
Generation of value
Added equipment that combines TOKIN\'s complex material development and application skills with NEC\'s expertise in the high-tech field
Compact and compact density technology.
Start with customization
Design materials, we produce highly innovative equipment for three core areas of energy, network and functional applications.
Today, our commitment to precision is taking us away from the micro-world, to the nano-field, to establish new standards for the global electronic revolution, and to nurture new and exciting dreams.
Source: NEC Company Contact: [copyright]c]
2007 JCN news agency.
All rights reserved.
A Department of the Japanese Corporate News Network K. K.