the world’s 7th largest supplier of EV batteries will operate the
plants, according to the Nikkei report. It will also contribute funding and
Nissan along with the UK and Japanese government will finance the project. As per the report, Nissan will also tie-up
with China’s Contemporary Amperex Technology, CATL or South Korea’s LG Chem.
This move by Nissan is in the wake of rising demand for electric-vehicle batteries by the carmakers.
As per an
analysis by UBS, this battery-cell supply to meet the increased demand might
result in global shortages and regional tightness by 2025.
Japanese auto giant has the ambition to pivot its business model in such a way
that the focus is on electric vehicles. The company aims to sell 100% of its
new vehicles in key markets by 2030.
Matthias Schmidt, Publisher, European Electric Car Report, Nissan captured 4%
of the electric vehicles market in the 18 key European markets. The
Renault-Nissan alliance controls around 12.5% of the European market. This
alliance is ahead of Tesla in terms of European EV market share.
Source – Market Watch
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