© Reuters. 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 Photo
TOKYO (Reuters) – Nissan Motor Co’s 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.
Over the long term, Envision could invest over 100 billion yen in the plant, which would start mass production in 2024, the company said.
($1 = 109.0500 yen)
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.