TOKYO (Reuters) -- Japan's Nissan Motor said on Wednesday it had agreed to acquire all the common shares in Vehicle Energy Japan held by the lithium-ion battery maker's biggest shareholder.
Nissan added that after the acquisition of the shares held by the Innovation Network Corporation of Japan (INCJ), a state-backed fund, Vehicle Energy Japan will become its consolidated subsidiary, in which it will hold shares alongside existing shareholders Maxell and Hitachi Astemo.
