Nissan And NEC To Produce Electric-Car Batteries

The Nissan Motor Co., Ltd. and NEC, a leading electronics maker, announced last Friday that they will produce ecologically friendly batteries for automobiles. The move is anchored on the automaker’s desire to catch up with rivals in the industry that have already started in green technology.

Japan’s third largest automaker and NEC are investing 490 million yen ($4.1 million; 3 million euros) to set up a joint venture by the end of this month so as to produce lithium-ion batteries for green vehicles, including electric cars and hybrids by 2009. The information was divulged by the companies Friday.

Evidently, Nissan has fallen behind Japanese rivals the Toyota Motor Corp. and the Honda Motor Co. in developing hybrids and other ecologically friendly technologies that slash gas emissions blamed for global warming. Tokyo-based Nissan has started selling hybrid cars like the Altima. Nonetheless, the automaker licenses the technology from Toyota. Hybrids switch between an electric motor and a gas engine to deliver reduced CO2 emissions and better mileage.