YOKOHAMA (dpa-AFX) - Nissan Motor Co., Ltd. said that it agreed to buy shares in Vehicle Energy Japan Inc., a company engaged in the automotive lithium-ion batteries business.Nissan noted that
The investment in Vehicle Energy Japan 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.
Two Japanese automakers unveil measures to boost their capacity to procure batteries, with Nissan Motor Co. saying it will acquire one of its key suppliers, as the producers look to accelerate the development of electric vehicles.
Nissan Motor entered into a definitive agreement to acquire shares in Vehicle Energy Japan, an automotive lithium-ion battery manufacturer. Nissan will acquire the shares after the completion of regulatory procedures, including necessary approvals and permissions. Nissan will acquire all the common shares of Vehicle Energy Japan held by investment company.
Nissan Motor Co., Ltd. announces that it has entered into a definitive agreement to acquire shares in Vehicle Energy Japan Inc., a company engaged in the automotive lithium-ion batteries business. Nissan will acquire the shares after the completion of regulatory procedures, including necessary approvals and permissions. Nissan will acquire all…