Thursday, July 9, 2009

AllCarsElectric: Nissan Exec Says Investments For Battery Production Will Exceed $1 Billion

Last month Nissan received $1.6 billion in subsidized loans from the U.S. Department of Energy to prepare their plant in Smyrna, Tennessee for the production of electric vehicles and lithium-ion batteries. At the Reuters Japan Investment Summit on Wednesday, senior vice president and head of product planning, Andy Palmer, said that the ...