This alliance is very important for our EV mass market, Nissan has the most advanced lithium batteries at the moment from NEC which they are going to use in Nissan Leaf and Renault EV models. Daimler with Mercedes is a brand for the luxury car in a lot of markets, EV from Daimler will make it a premium mass market play very fast. Not so long ago Mercedes signed a deal with BYD: they are buying time and access to the markets - the EV game must be taken very seriously now. NEC on its side is very aggressively rumping up production of lithium batteries.
"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 roll out in a mass market fashion - we expect more deals from Japanese trading houses to secure Lithium supply from upcoming developers in the sector."