Ads by Google

Nissan Motor to form joint venture with Sumitomo Corp.

Oct 21, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Companies: Nissan Motor Co., Ltd. (NSANY), Sumitomo Corp. (SSUMF)

Nissan Motor Co., Ltd., a manufacturer of passenger automobiles, is planning to form a joint venture with Sumitomo Corporation, a diversified business group, to reuse, resell, refabricate and recycle lithium-ion batteries previously used in electric cars. Both the companies are based in Japan.

The proposed joint venture is expected to start its operations by late 2010, in Japan and the US. 

Deal Type    Partnership
Sub-Category Joint Venture
Deal Status  Announced: 2009-10-20

Deal Participants 

Partner 1 (Company) Sumitomo Corporation
Partner 2 (Company) Nissan Motor Co., Ltd.

Deal Rationale

Both the partners are expecting demand for second-life batteries as consumers increasingly choose zero-emission cars.

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Companies: Nissan Motor Co., Ltd. (NSANY), Sumitomo Corp. (SSUMF)


Related terms: business, japan, joint venture, manufacturer, partnership

Related Articles

Renault-Nissan Alliance, CEA and FSI to Form Joint Venture to Develop and Manufacture Batteries for Electric Vehicles
Nov 5, 2009
...Nissan Alliance, CEA and FSI to Form Joint Venture to Develop and Manufacture...Earlier post.) The joint venture will have a sustainable approach...Nissan Alliance, CEA and FSI to Form Joint Venture to Develop and Manufacture Batteries...

NTT, Kadokawa form joint venture
Nov 6, 2009
...Foreign Box Office Mipcom Hot Topics: Award Central Power of Youth Piracy Panel NTT, Kadokawa form joint venture Multi-platform content provider to launch By MARK SCHILLING TOKYO -- Telco giant NTT and media...

Cisco and EMC form joint venture
Nov 4, 2009
...converter Executive jobs Subscribe to FT.com or view and edit your subscription details. Cisco and EMC form joint venture By Joseph Menn in San Francisco Published: November 4 2009 00:25 | Last updated: November 4 2009 00...

Dubai 09: UAE joint venture moves forward despite no Rafale order
Nov 18, 2009
...Defence › News Article Dubai 09: UAE joint venture moves forward despite no Rafale order...remains on hold, but an Abu Dhabi-based joint venture created in anticipation of such a deal...completed the process of incorporating the joint venture, says Jean-Luc Lamothe, MBDA group...