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Nissan Motor Co., Ltd. entered into a definitive agreement to acquire shares in Vehicle Energy Japan Inc., a lithium-ion battery manufacturer, making it a consolidated subsidiary. The transaction is subject to regulatory approvals.
Hitachi Ltd. will acquire 80.1% of ABB's Power Grids unit for $11 billion, with plans to close in the first half of 2020.
Ube Maxell, a joint venture of Ube Industries and Maxell Holdings, will increase capacity for lithium-ion battery separators in Sakai, Japan, with completion expected in 2020.