Nissan Motor Co's (7201.T) Chinese battery partner Envision AESC said on Wednesday it would spend 50 billion yen ($460 million) to build a new battery plant in Japan's Ibaraki prefecture north of Tokyo.
A cross-section of a completed battery for a Nissan Leaf car is seen inside the Envision battery manufacturing plant at Nissan's Sunderland factory, Britain, July 1, 2021. REUTERS/Phil Noble -/File PhotoChinese battery partner Envision AESC said on Wednesday it would spend 50 billion yen to build a new battery plant in Japan's Ibaraki prefecture north of Tokyo.
Over the long term, Envision could invest over 100 billion yen in the plant, which would start mass production in 2024, the company said.Sign up for our newsletter Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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