Nissan hopes that recycling batteries and re-using them in
electric vehicles (EVs) would help lower production costs as the
price of rare metals rise, Nikkei said.
The factories would be the company's first battery recycling
facility built outside of Japan, the report added, without
specifying the country in Europe where the factory would be
built.
Nissan did not immediately respond to a Reuters' request for
comment.
Last month, the company announced its electrification push,
committing to spending 2 trillion yen ($17.53 billion) over five
years to increase vehicle electrification to catch up with
rivals in one of the fastest growing segments for car makers.
The car maker said they plan to launch 23 electrified vehicles,
including 15 EVs, by 2030.
($1 = 114.1100 yen)
(Reporting by Sakura Murakami; Editing by Rashmi Aich)
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