Nissan, AESC to Build $460 Million Car-Battery Plant in Japan
- Global automakers are seeking to secure battery production
- Nissan exploring ways to deepen alliance with Envision AESC
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Nissan Motor Co. is unveiling plans for a second car-battery factory in as many months, betting that demand for electric vehicles 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 ($456 million) and annual production capacity of six gigawatt-hours in 2023, according to a document seen by Bloomberg. The plans, to be announced Wednesday, include spending as much as 100 billion yen and boosting output to 18 gigawatt-hours after about five years, or roughly enough for 163,000 Nissan Leaf electric vehicles.