View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
August 9, 2021

Envision AESC to build EV battery plant in Japan

Another new battery plant for Japan and Nissan.

By Graeme Roberts

China-owned Envision AESC Group said it planned to build a new plant in north east Japan to produce batteries for Nissan electric vehicles (EVs).

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

The company said it would invest JPY50bn (US$455m) through its Envision AESC Japan subsidiary in a factory in Ibaraki prefecture with an initial production capacity of 6GWh of lithium-ion batteries, enough to power 160,000 electric vehicles.

Construction is set to begin in October, with completion scheduled for 2024.

The company also announced plans to lift its total spend for the plant to JPY100bn within five years to expand capacity to 18GWh as it responds to rising EV demand worldwide.

Nissan sold a majority stake in its Automotive Energy Supply Corporation (AESC) battery subsidiary to Envision Group in 2018 although it still retains a 20% stake in the company which has also kept its Japanese base.

Reports last week suggested Nissan Motor planned to take a direct stake in the new EV battery plant in Japan in addition to its existing stake in Envision AESC.

Envision AESC said it expected to receive a JPY2bn subsidy from the Ibaraki government for its investment in the region which is also home to a number of automotive equipment plants.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article: , , , ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto