Nissan acquires shares in Vehicle Energy Japan to secure EV battery supply

Nissan is one of the many automotive brands that are aggressively shifting towards electrification.

To support its long-term vision, Nissan Ambition 2030, the Japanese automotive firm has entered into a definitive agreement to acquire shares in Vehicle Energy Japan Inc., a company engaged in the automotive lithium-ion batteries business.

Vehicle Energy Japan has an integrated production system from battery cells to packs, and advanced battery management system technologies. It develops, manufactures, and sells lithium-ion batteries, battery modules, and battery management systems for hybrid vehicles which are expected areas of growth.

In a recent press release, the Yokohama-based brand revealed that it will acquire all the common shares of Vehicle Energy Japan held by Innovation Network Corporation of Japan (INCJ, Ltd.) and subscribe to common shares issued by Vehicle Energy Japan.

After which, Vehicle Energy Japan will become a consolidated subsidiary of Nissan, in which it will hold shares alongside existing shareholders Maxell, Ltd. and Hitachi Astemo, Ltd.

The investment will allow Nissan to secure a stable battery supplier and contribute to the development of next-generation batteries with a competitive edge in terms of both performance and cost.

Photos from Nissan and Vehicle Energy Japan

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