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Nissan Said to Plan Battery Recycling Units in US, Europe

The factories would be Nissan’s first battery recycling facility built outside of Japan, the report added, without specifying where in Europe the factory would be built


Nissan projects strong sales growth of over 18% in fiscal year, but profits to remain flat as higher operating costs erode margins.
Nissan says chip shortages are "the new normal."

 

Nissan Motor plans to build new battery recycling factories in the US and Europe by the end of fiscal 2025, the Japanese daily Nikkei reported on Thursday.

Nissan hopes that recycling batteries and re-using them in electric vehicles (EVs) would help lower production costs as the price of rare metals rise, Nikkei said.

The factories would be the company’s first battery recycling facility built outside of Japan, the report added, without specifying the country in Europe where the factory would be built.

Nissan did not immediately respond to a Reuters’ request for comment.

Last month, the company announced its electrification push, committing to spending 2 trillion yen ($17.5 billion) over five years to increase vehicle electrification to catch up with rivals in one of the fastest growing segments for car makers.

The car maker said they plan to launch 23 electrified vehicles, including 15 EVs, by 2030.

 

  • Reuters with additional editing by Jim Pollard

 

 

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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