Hitachi has been running large losses at its Lithium Batter Division due the the severe global competition in the international Lithium Battery Market.With huge growth expected in the Green Automobile Industry in the future,everyone is trying to establish a strong foothold in this emerging segment.Hitachi is one of the lesser known names in the Battery Industry and the company does not expect profits in the next 3 years.However the company’s fortunes in the Green Industry might change as it has teamed up with Automobile Parts Giant Johnson Controls.JCI is a multi billion US company with leadership position in the Energy Efficiency,Lead Batteries and Automobile Parts.The company has shown increasing profits and revenues in all of its division in the last quarter.It would suit both companies to design,develop and market batteries for the Hybrid and Electric Vehicle Segments.
President Obama has said that USA expects to capture 40% global marketshare of the EV/Battery Industry by 2015.This claim is predicated on the Massive Subsidies that DOE has recently given to Battery Companies.This will help in increasing the USA marketshare from 2% last year to 40% by 2015.However this claim by Obama looks to be […]