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According to Bloomberg, Nissan Motors will announce plans for its second electric vehicle battery factory on August 4th.

According to a document seen by Bloomberg, Envision AESC will jointly operate a new factory with Nissan. The new factory is located in Ibaraki Prefecture, northern Tokyo, with an initial investment of 50 billion yen (approximately 456 million US dollars) and an annual production capacity of 6GWh in 2023; In five years, the investment will reach 100 billion yen, and the annual production will reach 18GWh, which can supply batteries for approximately 163000 Nissan Leafs.

Last month, Nissan and Vision announced that they will build a £ 1 billion electric vehicle battery manufacturing center in the UK. With the deepening of the electrification transformation in the industry, automobile manufacturers have reached several agreements to increase battery production this year. For example, Ford and SKI produce electric vehicle batteries at two factories in the United States, while Volkswagen has promised to invest $29 billion to challenge TSLA.

Nissan spokesperson AzusaMomose said, "We cannot directly comment on the Ibaraki plant plan of Yuanjing Power, but Yuanjing is one of our important partners. They have been supplying batteries to the Leaf for 10 years and plan to build a new battery factory near Nissan's Sunderland plant in the UK

In 2018, Nissan sold its majority stake in AESC to Vision Group, but currently holds a 20% stake. However, according to insiders, Nissan closely monitors battery research and development and strives to ensure the supply of this critical component, therefore seeking to increase its shareholding or deepen its alliance with Yuanyuan Power. Last month, Nissan CEO Masahiro Ueda stated in a Bloomberg interview that UK battery plants are only the beginning of an electrification strategy.

Vision Group is also expanding its battery business and has announced plans to invest up to 2 billion euros in building a factory in northern France to supply batteries for Renault's electric vehicles.

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