Hyperdrive
Nissan's Electric Vehicle Campaign May Get Boost from Japanese Trading Giant
- Mitsubishi Corp. could secure materials for EV batteries
- Trader to double stake in Nissan-partnered Mitsubishi Motors
Why Electric Cars Aren't Taking Over Yet
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Nissan Motor Co. may get a boost from a deepening relationship with Japan’s biggest trading house as access to battery materials becomes a priority amid the industry’s push into electric vehicles.
Mitsubishi Corp. on Tuesday said it plans to double its stake in Mitsubishi Motors Corp., of which Nissan is the biggest shareholder. The trading company, which also owns mining assets, could be able to secure the lithium, cobalt, rare earths and other battery metals necessary for the expanding EV business being developed by Nissan and its partners, according to Seiji Sugiura, an analyst at Tokai Tokyo Research Center in Tokyo.