{"id":491318,"date":"2010-03-30T20:35:00","date_gmt":"2010-03-31T00:35:00","guid":{"rendered":"tag:blogger.com,1999:blog-27954921.post-2576233976981711093"},"modified":"2010-03-30T20:49:54","modified_gmt":"2010-03-31T00:49:54","slug":"lithium-demand-nec-to-spend-542-million-raising-lithium-ion-output-tnr-v-czx-v-lmr-v-rm-v-li-v-wlc-v-sqm-roc-fmc-hev-aone-f-nsany-byddy","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/491318","title":{"rendered":"Lithium Demand: NEC to Spend $542 Million Raising Lithium-Ion Output TNR.v, CZX.v, LMR.v, RM.v, LI.v, WLC.v, SQM, ROC, FMC, HEV, AONE, F, NSANY, BYDDY"},"content":{"rendered":"

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NEC is the lithium-ion batteries suppler for Nissan. After today’s Nissan Leaf announcement<\/span><\/b><\/a> on pricing we have another confirmation of a very robust demand for Electric Cars in this pricing range. NEC rumping up batteries production means only one for our Lithium Demand<\/span><\/b><\/a> expectations that this bottleneck will be even more crucial for Electric Cars roll out in a mass market fashion – we expect more deals from Japanese trading houses to secure Lithium supply<\/b><\/span><\/a> from upcoming developers in the sector.<\/span><\/div>\n

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BusinessWeek:<\/b><\/p>\n

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“Bloomberg<\/p>\n<\/div>\n

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NEC to Spend $542 Million Raising Lithium-Ion Output <\/a><\/h1>\n

March 30, 2010, 4:42 AM EDT<\/span><\/p>\n

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By Jason Clenfield\uff08Closes share price in fifth paragraph.\uff09<\/div>\n<\/p>\n

March 30 (Bloomberg) — NEC Corp., Japan\u2019s largest maker of personal computers, will invest more than 50 billion yen ($542 million) to expand production of parts used in lithium- ion batteries supplied to Nissan Motor Co.<\/p>\n

The money will be spent over the next 12 months, NEC spokesman Chris Shimizu said today by telephone. Nissan, Japan\u2019s third-largest carmaker, starts domestic production this year of its Leaf electric car and in the U.S. in 2012.<\/p>\n

NEC, which supplies electrodes to a battery-making venture it has with Nissan, is looking to tap into a growing market for electric cars amid rising fuel prices and concern that conventional vehicle emissions worsen climate change. Morgan Stanley has forecast 52 percent compound annual growth for global auto battery demand from 2012 to 2018.<\/p>\n

The Nikkan Kogyo newspaper reported the planned investment earlier today, citing an interview with Nobuhiro Endo, incoming president for the Tokyo-based company. Shimizu confirmed the report.<\/p>\n

NEC climbed 2.9 percent to close at 282 yen after rising as high as 283 yen on the Tokyo Stock Exchange. Japan\u2019s benchmark Nikkei 225 Stock Average rose 1 percent.<\/p>\n

–Editors: Dave McCombs, Aaron Sheldrick<\/p>\n

To contact the reporter on this story: Jason Clenfield in Tokyo at jclenfield@bloomberg.net<\/p>\n

To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net.”<\/p>\n<\/div>\n

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NEC is the lithium-ion batteries suppler for Nissan. After today’s Nissan Leaf announcement on pricing we have another confirmation of a very robust demand for Electric Cars in this pricing range. NEC rumping up batteries production means only one for our Lithium Demand expectations that this bottleneck will be even more crucial for Electric Cars […]<\/p>\n","protected":false},"author":2835,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-491318","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/491318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2835"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=491318"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/491318\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=491318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=491318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=491318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}