Electrification Plan Expansion, Nissan’s Bonds In Vehicle Energy Japan Inc.

Announced recently, Nissan Motor Co., Ltd. to acquire shares in Vehicle Energy Japan Inc., a company engaged in the automotive lithium-ion batteries business.

Nissan will acquire all the common shares of Vehicle Energy Japan held by INCJ, Ltd., and subscribe to common shares issued by Vehicle Energy Japan. 

Following the acquisition, 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.

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

Other than Nissan, Vehicle Energy Japan will also provide a stable supply to a broad range of other customers, with ongoing support from the shareholders mentioned above.

For context, Vehicle Energy Japan has an integrated production system from battery cells to packs, and advanced battery management system technologies. 

Namely, it develops, manufactures, and sells lithium-ion batteries, battery modules, and battery management systems for hybrid vehicles.

Whereas for Nissan’s long-term vision, ‘Nissan Ambition 2030’, aims to create significant value beyond mobility by placing electrification at the core of its business strategy.

Therefore, as a key supplier to Nissan, Vehicle Energy Japan will play a crucial role in its ongoing electrification strategy under the vision. 

That said, the shares will only be acquired by Nissan after the completion of regulatory procedures, including necessary approvals and permissions.