..:: AUTO REPORT AFRICA ::..
Related Articles
Nissan Motor Co., Ltd. has announced that it has entered into a definitive agreement to acquire shares in Vehicle Energy Japan Inc., a company engaged in the automotive lithium-ion batteries business. Nissan said it would acquire the shares after the completion of regulatory procedures, including necessary approvals and permissions.
Nissan added that it will acquire all the common shares of Vehicle Energy Japan held by INCJ, Ltd. and subscribe to common shares issued by Vehicle Energy Japan, stressing that following the transaction, Vehicle Energy Japan will become a consolidated subsidiary of Nissan, in which it will hold shares alongside existing shareholders Maxell, Ltd. and Hitachi Astemo, Ltd.
Vehicle Energy Japan has an integrated production system from battery cells to packs, and advanced battery management system technologies. It develops, manufactures, and sells lithium-ion batteries, battery modules, and battery management systems for hybrid vehicles that are expected areas of growth.
Nissan, in its long-term vision, Nissan Ambition 2030, aims to create significant value beyond mobility by placing electrification at the core of its business strategy and expanding the possibilities of journeys and society. As a key supplier to Nissan, Vehicle Energy Japan will play a crucial role in its ongoing electrification strategy under the vision.
The investment will allow Nissan to secure a stable battery supplier and contribute to the development of next-generation batteries with a competitive edge in terms of both performance and cost. Vehicle Energy Japan will provide a stable supply of batteries to Nissan as well as broad range of other customers, with ongoing support from shareholders Maxell and Hitachi Astemo, along with Nissan.
Nissan in Africa
Nissan’s Regional Business Unit in Africa serves 42 Sub-Saharan Africa markets with 14.7% market share and 37 national sales companies across the continent. In total, the company offers a range of 24 vehicles to retail and commercial customers in the region. South Africa serves as a light-commercial vehicle manufacturing hub for the region with its Rosslyn plant northwest of Pretoria producing the NP200, NP300 and forthcoming all-new Nissan Navara. The South Africa plant employs approximately 2,000 employees with additional assembly plants located in Nigeria and Ghana.
