Nissan to invest $1.8 billion in new electric-vehicle battery plants with Chinese partner
Nissan will invest more than 200 billion yen ($1.8 billion); in building new electric-vehicle battery plants in the U.K. and Japan, according to a report.
The Japanese automobile giant and a Chinese-owned battery maker aim to start delivering batteries. Also, to power 700,000 electric vehicles a year from two plants as early as 2024, the Nikkei reported on Friday.
Furthermore, Plants to operate by Envision AESC — the world’s seventh-largest supplier of EV batteries.
According to the report, Envision will contribute funding, and Nissan is considering joint investments as well as subsidies from the U.K. and Japanese governments to finance the project.
Nissan has ambitious plans to pivot its business model to focus on electric vehicles. With the goal of being carbon-neutral by 2050, the Japanese auto giant aims for 100% of its new vehicle sales in key markets to be electrified by the early 2030s.
The group is already a notable presence in the European electric-vehicle market — the world’s largest behind China.
#NissanIntelligentMobility is all about building a better future for drivers! #TechTuesday #Nissan pic.twitter.com/5iKzpGeTNH
— Nissan (@Nissan) May 25, 2021
So, Nissan is all about building a better future for drivers.
“The world’s future energy course is being charted today because of the ramifications of peak oil and a need to reduce our carbon footprints.A whole new industry – a global wide automotive and industrial lithium-ion battery industry – is going to be built.” April 17th 2010, Richard Mills.
