TOKYO — Nissan plans to construct new battery recycling factories in Europe and america by the top of fiscal 2025, the day by day Nikkei reported on Thursday.

Nissan hopes that recycling batteries and re-using them in electrical automobiles will assist decrease manufacturing prices as the worth of uncommon metals rise, Nikkei stated.

The factories could be the corporate’s first battery recycling facility constructed outdoors of Japan, the report added, with out specifying the nation in Europe the place the manufacturing unit could be constructed.

Nissan didn’t instantly reply to a Reuters’ request for remark.

Final month, the corporate introduced its electrification push, committing to spending 2 trillion yen ($17.53 billion) over 5 years to extend car electrification to meet up with rivals in one of many quickest rising segments for automakers.

The corporate stated they plan to launch 23 electrified automobiles, together with 15 EVs, by 2030.