TOKYO -- Nissan Motor is set to build a giant electric vehicle battery plant in the U.K., pledging 1 billion pounds ($1.4 billion) of investment together with a Chinese battery company and the local city council as it strives to meet its zero-emission ambitions.
Nissan's tie-up with Envision Group comes as global automakers rush to secure supplies of batteries, the single most expensive electric vehicle component, to satisfy growing demand in Europe. Envision this week also announced plans for a 2 billion euro ($2.4 billion) plant in France with Nissan's alliance partner Renault.
