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Investing both capital and knowhow in a U.S.-based startup, a Japanese trading company is helping to shape the global future of the lithium-ion battery market.
It's an unusual approach to global business development, but in a recent interview with Hiroaki Murase of trading company ITOCHU Corp. in Tokyo, the advantages of its investment model are manifest.
Last year ITOCHU invested $20 million in EnerDel for a 5% stake in the U.S. maker of batteries and storage cells for electric vehicles and other applications.
"Our primary goal is to enhance the strategic energy storage value chain around battery development," according to Murase.
"Jointly with ITOCHU's Chemical Department we are starting Cathode materials projects in the US and China. We are working with those materials to better engineer and produce a viable power train and charging station and to better use the auto battery for a range of applications. This will help to reduce costs and to enhance the usability of lithium-ion batteries in a larger market." Read more.
Global middle class reshapes economy, technology
Emerging regions around the world, most notably in China, India, Asia, Europe and South America, are being increasingly touted as present and future economic drivers. It's part of a broader shift in Asia and the world driven by a growing generation of well-healed consumers.
China's become "the world's second largest economy" we learned this week, ahead of Japan, behind the U.S. McKinsey & Co. lends some insight into this transition in a new report titled "The Coming of Age: China's new class of wealthy consumers," available here.
Long the largest and most predominant consumer market in the world, the U.S. is no longer the main engine driving economic growth in the consumer space. This new global reality shocks and surprises some in the post-war baby boomer generation in America and Europe - especially in light of the protracted economic stagnation in the West.
So as U.S. powerhouses like General Motors claw their way back into the global market from the brink of extinction, it's not too surprising to learn that growing future business -and technologies - will come from marketing and producing goods and services designed for Asian and eastern markets - not just repackaging American goods. See "Levis unveils new brand for Chinese market."
For China it's all in the numbers, which add up to 1.3 billion consumers. Morehere.
What keeps China up at night?
That's the question Charlie Rose asked China expert James Fallows of 'The Atlantic Monthly' and Stephen Roach, senior executive with Morgan Stanley in this recent interview.
Euro tech tour announces medtech Summit
After 44 events since 1998, the European Tech Tour Association is focusing on the Medtech sector to offer the 2nd EUROPEAN TECH TOUR MEDTECH SUMMIT.
The 2010 summit will be held in Lausanne, Switzerland on September 29-30 and offers an unparalleled opportunity for companies, investors, and organizations targeting the pan-European Medtech industry.
Opportunities include:
1) Presentation of selected quality European Medtech investment opportunities by company CEOs to investment and industy professionals from across the globe.
2) A Visit of the Medtronic Facilities and keynote speech by Steve Oesterle, Senior VP for Medecine & Technology at Medtronic.
3) Panel discussions and debate among Medtech experts from Europe and the U.S. covering a range of topics such as best practices in Medtech, Spin-outs from corporations and research institutions, to growth, valuation, and exit opportunities in the sector.
4) Gala Dinner in Lausanne on September 29th will host 180 invitation-only guests representing over $10bn+ funds under management.
5) Unparalleled Networking Opportunity to get close and personal with the European Medtech rising stars, the international investment community, corporations, policy makers, VC′s, Entrepreneurs, and leading industry professionals in the Medtech space. More here.
The Next Silicon Valley - Posted on: August 25, 2010 3:00pm According to a story in today's Wall Street Journal Israel's inability to develop mature companies from its rich base of high-tech start-ups is causing ...
The Next Silicon Valley - - Posted on: August 25, 2010 2:39pm Part of that strategy will be to improve regional ecosystems that support innovation, intellectual property protection, venture capital formation, and R&D, ...
The Next Silicon Valley- Posted on: August 24, 2010 10:16pm
Hostile regulatory regimes in Silicon Valley and elsewhere in the US are contributing to the decline of the US tech industry. That's the conclusion of Intel...
"Our primary goal is to enhance the strategic energy storage value chain around battery development," according to Murase.
Emerging regions around the world, most notably in China, India, Asia, Europe and South America, are being increasingly touted as present and future economic drivers. It's part of a broader shift in Asia and the world driven by a growing generation of well-healed consumers.
Long the largest and most predominant consumer market in the world, the U.S. is no longer the main engine driving economic growth in the consumer space. This new global reality shocks and surprises some in the post-war baby boomer generation in America and Europe - especially in light of the protracted economic stagnation in the West.
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