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Hitachi, Ltd. and Johnson Controls, Inc. announced that they have signed a memorandum of understanding to work together on several fronts in the field of advanced energy storage. The collaboration agreement between the two companies reflects their long-term vision and commitments to the global advanced energy storage space.

The companies will study opportunities for collaboration in the fields of motive and non-motive advanced energy storage including Lithium-ion batteries, exploring potential cooperation across a wide span of initiatives including R&D, procurement, production, marketing, sales and standardization.

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