Jan 23, 2025
Nissan to procure EV batteries from SK On for US market, Nikkei reports
Nissan Motor plans to procure batteries for electric vehicles sold in the U.S. from South Korea's SK On from around 2028 onwards, the Nikkei newspaper said on Thursday, as the troubled Japanese automaker looks to ramp up its EV business as part of a planned turnaround. Separately, a Nissan executive said the automaker was considering plans to produce compact EVs at its plant on Japan's southern island Kyushu, confirming a 2024 Reuters report. Nissan, which is in talks to merge with Honda Motor, has been seeking to slash 9,000 jobs and 20% of its global manufacturing capacity in a turnaround plan laid out last year.