Johnson Controls (JCI) and Hitachi will team up to produce lithium-ion batteries for use in...

|About: Johnson Controls Internatio... (JCI)|By:, SA News Editor

Johnson Controls (JCI) and Hitachi will team up to produce lithium-ion batteries for use in electric cars and advanced power distribution systems. Demand for lithium-ion batteries is expected to grow sharply in the near future as electric cars and smart grid electricity systems become more widespread. JCI +1.4% premarket.