Daily Management Review

Nissan to build two plants to produce batteries for electric cars


Japanese automaker Nissan Motor is investing more than 200 billion yen ($1.8 billion) to build two new plants to produce batteries for electric cars. This was reported by Nikkei Asia newspaper.

Ryan Housknecht via flickr
Ryan Housknecht via flickr
One of Nissan's new plants will be set up in Japan and the other in the UK. Production at both sites is planned to start in 2024. The total capacity of the new production facility will provide batteries for up to 700,000 electric vehicles per year.

The new Nissan plants will be operated by the Envision AESC Group, in which the Japanese manufacturer has a stake. Envision is currently the world's eighth-largest supplier of batteries for electric vehicles. This company's production provides batteries for 200,000 electric cars a year.

It is noted that all of the batteries that are produced in the new plants will be supplied to the Renault-Nissan-Mitsubishi Alliance. Now Nissan sells 180 thousand electric cars a year. By the end of 2023, the Japanese maker hopes to have one million cars on the road.

source: asia.nikkei.com