Nissan, a partner of Renault, buys a specialist in electric batteries

Nissan, a partner of Renault, buys a specialist in electric batteries


Japanese automaker Nissan, a subsidiary of France’s Renault, announced on Wednesday September 7 an agreement to acquire a majority stake in Vehicle Energy Japan, a small Japanese company that develops, produces and sells lithium-ion electric batteries. Nissan will acquire all the shares of Vehicle Energy Japan’s current major shareholder, Japan’s state-owned investment fund INCJ, as well as subscribe to new shares issued by the company with a view to making it a consolidated subsidiary, according to the statement. .

The amount of this purchase has not been disclosed but will be moderate, around 10 billion yen (70 million euros), according to the Nikkei newspaper. Auto Energy Japan has about 600 employees and has several locations in Japan, the United States and Europe, according to the company’s website. Hitachi Astemo, the automotive supplier of the Japanese conglomerate Hitachi, is one of its minority shareholders. “As Nissan’s main supplier, Japan Auto Power will play a key role in its ongoing electrification strategy,” the automaker said.

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Target of 50% electric vehicles

At the end of 2021, Nissan set itself the goal of reaching a 50% share for its electric vehicles (100% electric and hybrid) in its global sales by 2030, compared to around 10% in 2020, and announced an investment equal to 15. billion euros in a five-year period in this area, twice as much as in the 2010-2020 decade. Auto Energy Japan should enable Nissan to secure a “stable” supply of electric batteries and contribute to the development of the group’s next-generation batteries, it said in a press release.

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