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Nissan will construct battery recycling factories in U.S., Europe by 2025, report says

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TOKYO — Nissan Motor Co. plans to construct new battery recycling factories in Europe and the U.S. by the tip of fiscal 2025, the day by day Nikkei reported on Thursday.

Nissan hopes that recycling batteries for EVs will assist decrease manufacturing prices as the value of uncommon metals rise, Nikkei mentioned.

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

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

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

The corporate mentioned they plan to launch 23 electrified automobiles, together with 15 EVs, by 2030.

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