Nissan to build new battery recycling factories in U.S., Europe by 2025 -Nikkei By Reuters

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© Reuters. A person walks in entrance of the Nissan emblem at Nissan Gallery in Yokohama, Japan November 29, 2021. REUTERS/Androniki Christodoulou

TOKYO (Reuters) – Nissan (OTC:) Motor Co Ltd plans to build new battery recycling factories in the United States and Europe by the top of fiscal 2025, the day by day reported on Thursday.

Nissan hopes that recycling batteries and re-using them in electrical autos (EVs) would assist decrease manufacturing prices as the worth of uncommon metals rise, Nikkei mentioned.

The factories can be the corporate’s first battery recycling facility constructed outdoors of Japan, the report added, with out specifying the nation in Europe the place the manufacturing unit can be constructed.

Nissan didn’t instantly reply to a Reuters’ request for remark.

Last month, the corporate introduced its electrification push, committing to spending 2 trillion yen ($17.53 billion) over 5 years to improve automobile electrification to meet up with rivals in one of many quickest rising segments for automobile makers.

The automobile maker mentioned they plan to launch 23 electrified autos, together with 15 EVs, by 2030.

($1 = 114.1100 yen)

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