4 result(s) displayed (1 - 4 of 4):

Nissan hiring, investing $700M for battery plants (from Corporate Dealmaker)

The U.K. and Portugal are offering government assistance for Japan's No. 3 automaker, Nissan Motor Co. Ltd. (NASDAQ:NSANY), to create lithium-ion battery plants in their countries as electric and hybrid vehicles come to market globally. The projected annual capacity for each plant is 60,000 units.Earlier this year, Nissan cut about...

Posted on July 20, 2009 11:58 AM

GE betting on battery maker A123Systems (from Corporate Dealmaker)

Billions of dollars are headed into the hybrid/electric car business and into the devices that will run them. General Electric Co. invested $30 million in A123Systems Inc., bringing its total investment to $55 million, or 9%, in the Watertown, Mass., lithium ion batter maker. A123 claims that unlike standard...

Posted on October 22, 2008 4:33 PM

After 70 years in idle, Detroit Electric returns (from Corporate Dealmaker)

Dutch-based Detroit Electric, once an American icon in the early 1900s, is in negotiations with Malaysia's national auto maker, Proton, to produce "powerful" and affordable electric cars in the Southeast Asian nation. Its also talking to German and U.S. carmakers about a $300 million ...

Posted on September 3, 2008 9:49 AM

Bosch-Samsung battery JV gets a boost (from Corporate Dealmaker)

Following an industry trend in the auto sector, in June, South Korea's Samsung SDI Co. Ltd. set up a $520 million joint venture with Germany's Robert Bosch GmbH to develop, manufacture and sell lithium-ion batteries for vehicles. On Monday, the 50-50 JV, SB LiMotive Co. Ltd., received approval from...

Posted on August 19, 2008 4:21 PM