Nissan Motor Co. and NEC Corp. have created the Automotive Energy Supply (AESC) Corp. to focus on developing lithium-ion batteries for wide-scale automotive use by 2009. The two companies will invest more than $4 million in the partnership. AESC will focus on the development and marketing of advanced lithium-ion batteries designed to power future generations of electric-powered vehicles. After one year, AESC will be expanded to include mass production and sales.
While NEC brings expertise in cell technology and battery manufacturing to the partnership, Nissan will focus on the cell stack for real-world applications in electric-powered vehicles. The goal of the partnership is to deliver new batteries that incorporate environmentally friendly technology, cost competitiveness and superior performance, safety and versatility.