Nissan scraps plans for US$1.1bn Japanese battery plant
Embattled Japanese automaker Nissan has announced that it will scrap plans for a JP¥153bn (US$1.1bn) lithium-iron-phosphate (LFP) battery plant in Kitakyushu, Japan, as part of a broader restructuring strategy to address its worsening financial crisis. The project, first announced in January—well into the crisis—was expected to produce cost-effective LFP batteries for electric vehicles (EVs) and create 500 jobs.
Subscribe to Automotive World to continue readingSign up now and gain unlimited access to our news, analysis, data, and research
Subscribe
Already a member? Log in here
LoginAP by OMG
Asian-Promotions.com |
Buy More, Pay Less | Anywhere in Asia
Shop Smarter on AP Today | FREE Product Samples, Latest
Discounts, Deals, Coupon Codes & Promotions | Direct Brand Updates every
second | Every Shopper’s Dream!
Asian-Promotions.com or AP lets you buy more and pay less
anywhere in Asia. Shop Smarter on AP Today. Sign-up for FREE Product Samples,
Latest Discounts, Deals, Coupon Codes & Promotions. With Direct Brand
Updates every second, AP is Every Shopper’s Dream come true! Stretch your
dollar now with AP. Start saving today!
Originally posted on: https://www.automotiveworld.com/news/nissan-scraps-plans-for-us1-1bn-japanese-battery-plant/