Nissan, AESC to build US$460mil car battery plant in Japan

Envision AESC and Nissan will jointly operate the plant, to be built in Ibaraki prefecture north of Tokyo with an initial investment of 50 billion yen (US$456mil or RM1.93bil) and annual production capacity of six gigawatt-hours in 2023, according to a document seen by Bloomberg.

TOKYO: Nissan Motor Co is unveiling plans for a second car-battery factory in as many months, betting that demand for electric vehicles (EVs) will justify the investment in additional capacity.

Envision AESC and Nissan will jointly operate the plant, to be built in Ibaraki prefecture north of Tokyo with an initial investment of 50 billion yen (US$456mil or RM1.93bil) and annual production capacity of six gigawatt-hours in 2023, according to a document seen by Bloomberg.