Nissan Motor will acquire a majority stake in Vehicle Energy Japan, one of Japan's leading power battery manufacturers, and become its major shareholder.
According to reports, Vehicle Energy Japan is an automotive battery manufacturer invested by Maxell and the Industrial Innovation Corporation of Japan (INCJ). Following the transaction, Nissan will hold a 47% stake in INCJ and acquire a majority stake by underwriting new shares issued by Vehicle Energy, investing billions of yen.
On the road to accelerating the development of electric vehicles, the competition among major car companies in terms of battery competition can be described as unprecedentedly fierce.
The company's current largest shareholder is Beach Energy Japan, which develops and manufactures in-vehicle batteries. Japan's Beach Energy is a professional manufacturer of in-vehicle batteries funded by maccel and INCJ, and has the world's top high-capacity battery development technology.
Nissan acquired a 47 percent stake from INCJ and acquired more than half of the newly issued shares by acquiring Japan's Beach Energy Japan, according to multiple sources.
Nissan officials responded to this: "As vehicles become electrified, we will speed up the pace of ensuring battery stability."
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