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Firms Agree on Li-ion Joint Venture
Hitachi Ltd. and Shin-Kobe Electric Machinery
Co. have launched a joint venture to develop and
produce lithium-ion batteries for use in hybrid
vehicles. A new firm will supply the batteries
to major automakers in Japan and overseas for
use in research and development.
¥1 billion will be invested to install a production
line in Hitachis plant in Hitachinaka, Ibaraki
Prefecture.
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