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    7201   JP3672400003

NISSAN MOTOR CO LTD

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Delayed Japan Exchange  -  05/20 01:17:37 am EDT
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Nissan to build new battery recycling factories in U.S., Europe by 2025 -Nikkei

12/15/2021 | 10:09pm EDT
Man walks in front of the Nissan logo at Nissan Gallery in Yokohama

TOKYO (Reuters) - Nissan Motor Co Ltd plans to build new battery recycling factories in the United States and Europe by the end of fiscal 2025, the daily Nikkei reported on Thursday.

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)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
NIKKEI 225 -1.89% 26402.84 Real-time Quote.-6.53%
NISSAN MOTOR CO LTD 1.97% 492.8 Delayed Quote.-9.59%
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Financials
Sales 2022 8 673 B 68 102 M 68 102 M
Net income 2022 221 B 1 739 M 1 739 M
Net Debt 2022 5 298 B 41 599 M 41 599 M
P/E ratio 2022 8,56x
Yield 2022 0,71%
Capitalization 1 891 B 14 846 M 14 846 M
EV / Sales 2022 0,83x
EV / Sales 2023 0,74x
Nbr of Employees 131 461
Free-Float 45,7%
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Number of Analysts 18
Last Close Price 483,00 JPY
Average target price 685,88 JPY
Spread / Average Target 42,0%
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Managers and Directors
Makoto Uchida Executive President & Chief Executive Officer
Stephen Ma Chief Financial Officer & Executive Officer
Yasushi Kimura Chairman
Anthony Thomas Chief Information Officer
Ashwani Gupta COO & Representative Executive Officer
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