Envision AESC, 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.
Nissan, the 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.
According to 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
Image Source: https://twitter.com/nissan_india
Also Read:
http://www.automotiveproductsfinder.com/News/Charging-infrastructure-is-a-major-challenge-for-Indian-EVs/133917
https://www.automotiveproductsfinder.com/technical-articles/lexus-crosses-global-sales-milestone-of-two-million-evs/134538