Nissan, NEC to Make Green Batteries

Nissan and electronics maker NEC will produce batteries for ecologically friendly vehicles, the companies said Friday, signaling efforts by the Japanese automaker to catch up with rivals that have a head start in green technology.

Nissan Motor Co., Japan’s No. 3 automaker, and NEC Corp. are investing 490 million yen ($4.1 million; 3 million euros) to set up a joint venture by the end of this month, to produce lithium-ion batteries for green vehicles, including electric cars and hybrids by 2009, they said in a statement.

Forbes