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NEC and GS Yuasa reach agreement on supplying lithium-ion battery components

NEC Corporation and GS Yuasa Corporation concluded an agreement to supply components for the lithium-ion battery field.

Initially, the companies aim to determine the conditions under which NEC will provide its lithium-ion battery electrodes to GS Yuasa by the end of October 2012. The companies then seek to expand their cooperation in the energy storage field through areas such as lithium-ion batteries for energy storage systems.

Looking forward, as worldwide demand for large scale lithium-ion batteries continues to grow, both companies will capitalize on their experience in the mass production of lithium-ion batteries for automobiles.

Comments

HarveyD

This type of JV will contribute to lower cost EV batteries in the near future.

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