Electric Vehicles
Nissan Drops Plan for Fukuoka Battery Plant to Focus on Recovery
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Nissan Motor Co. has abandoned plans to build a battery plant in Fukuoka, Japan, to focus its resources and funding on rescuing itself from a deepening financial crisis.
The Japanese carmaker announced plans late last year to invest ¥153 billion ($1 billion) in a new factory in the southern city of Kitakyushu, where it would manufacture lithium iron phosphate batteries commonly used in electric vehicles.