Nissan may build a factory in cooperation with Envision in the UK and Japan.

(Cover image source: NISSAN)

On May 28, according to NIKKEI, Nissan will collaborate with Chinese battery manufacturer Envision AESC Group to build new power battery factories in Japan and the UK, with an expected investment of over 200 billion yen (approximately 1.8 billion US dollars).

The factory is scheduled to start production in 2024 and aims to provide batteries for 700,000 pure electric vehicles every year.

Currently, Nissan is in talks with the British government, and the results of the negotiations may be announced as early as this summer.

Earlier, Renault CEO Luca de Meo stated that unified standards with Nissan in batteries, powertrains, and electronic architecture would benefit from “economies of scale.”

With the acceleration of electrification, it is very common for car companies to “form alliances.” Ford has established a strategic partnership with Volkswagen, and the former will produce models using the MEB platform; Toyota has also deepened its cooperation with Subaru and jointly developed electric vehicles with BYD; Honda will also launch two models using the GM Ultium battery before 2024.

🔗Source: NIKKEI Asia

This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.