Nissan to set up EV battery plants in Japan, UK
Nissan announced it would be building new battery plants for electric vehicles in Japan and the United Kingdom.
Nissan Motor Co Ltd.
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07:46 20/03/24
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The decision, which was made in partnership with China-based battery maker Envision AESC, will require an investment of $1.82bn, reported the Nikkei on Friday.
The Japanese automaker will start producing batteries at two new plants as early as 2024, and will aim for total capacity sufficient to power 700,000 EVs per year.
"Nissan will continue to accelerate electrification toward carbon neutrality, however we have no further plans to announce at this time," a Nissan spokeswoman said.