Nissan to acquire majority stake in Japanese car battery maker Vehicle Energy

CTOnews.com September 7 news, according to Tokyo TV, Nissan Motor will acquire a majority stake in Japan's few power battery manufacturers Vehicle Energy Japan, becoming its majority shareholder.

Vehicle Energy Japan is an automotive battery manufacturer invested by Maxell and the Japan Industrial Innovation Agency (INCJ). After the transaction, Nissan will hold a 47 percent stake in INCJ and acquire a majority stake through underwriting new shares issued by Vehicle Energy, with an investment of billions of yen.

On the road to accelerating the development of electric vehicles, the battle for battery competition among large car companies is unprecedented.

The company's largest shareholder is Beach Energy Japan, which develops and manufactures automotive batteries. Japan Beach Energy is a professional manufacturer of automotive batteries funded by maccel and INCJ, which has the world's top high-capacity battery development technology.

Nissan acquired a 47% stake from INCJ and a majority stake in Japan's Beach Energy Japan through the acquisition of a newly issued stake, with billions of yen in capital contributions, according to several people involved.

CTOnews.com understands that Nissan officials responded by saying:"As cars become electric, we will accelerate the pace of ensuring battery stability. "