NEC

12.0 billion yen investment to mass produce advanced lithium-ion batteries

TOKYO, May 19, 2008 – Nissan Motor Co., Ltd., NEC Corporation, and its subsidiary NEC TOKIN Corporation, today announced that its joint-venture company – Automotive Energy Supply Corporation (AESC) – has begun full operations. AESC’s start of operation follows the announcement of the joint-venture in April 2007.

AESC will focus on the development and mass production of advanced lithium-ion batteries for a wide range of automotive applications from hybrids, electric vehicles to fuel-cell vehicles. NEC and NEC TOKIN bring their expertise in cell-technology and electrode production, while Nissan will contribute from its long experience in real-world vehicle application.