Nissan acquires Energy Japan, a Japanese specialist in electric batteries

Nissan acquires Energy Japan, a Japanese specialist in electric batteries


As part of its “vehicle electrification” strategy, Nissan will acquire all the shares of Vehicle Energy Japan’s current major shareholder, the Japanese corporate investment fund INCJ. The company has approximately 600 employees and has several sites in Japan, the United States and Europe. Hitachi Astemo, the automotive supplier of the Japanese conglomerate Hitachi, is one of its minority shareholders.

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 allow Nissan to get supply” stable in electric batteries and contribute to the development of the group’s next-generation batteries.

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.

Note that the relationship between Nissan and Renault is sometimes complicated on this topic. So, it hasWhile the two manufacturers have launched a new generation of jointly developed electric motors, they are working separately on the next generation.

Nissan weather vanes blowing in Japan

Like all of its competitors, or almost, Nissan is going through a difficult time in Japan. In August, in the Archipelago, new car sales in Japan fell by 13.3% in August year-on-year, marking the 12th consecutive month of decline for this indicator against the backdrop of global chain disruption. Nissan, however, is doing better than leader Toyota, whose sales fell by 26.4%. Nissan’s fell by 3.5% but was worse than second-placed Japanese manufacturer Honda with a 3.4% increase over the same period.

Following the first-quarter results, Nissan insisted on targeting a net profit of 150 billion yen in its full fiscal year 2022/23 – which would be a 30% drop year-on-year – with operating profit unchanged at 250 billion yen and sales of annually they have risen 18.7% to 10,000 billion yen (72.3 billion euros at the current rate).

Nissan also maintained its target on Thursday to sell 4 million vehicles worldwide in 2022/23, nearly 100,000 units more than in 2021/22.

(By AFP)

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