Nissan’s LFP battery production receives government certification in Japan
Japanese automaker Nissan Motor Company has been recently certified in the country by the Ministry of Economy, Trade and Industry (METI) for its development and mass production of in-vehicle lithium-iron-phosphate (LFP) batteries.
Through the in-house development and mass-production of LFP batteries, the company intends to establish a base in Japan by strengthening the supply chain of storage batteries, a Japanese government policy, and promoting the use of electric vehicles fitted with LFP batteries.
With an investment of 153.3 billion yen, Nissan has announced a battery production capacity of about 5 GWh in Japan for manufacturing EV battery with a "new structure".
The company's president and CEO Makoto Uchida commented on the development, "Nissan will adopt LFP batteries to meet the diverse needs of customers and to provide more affordable electric vehicles".
"The batteries, to be developed and mass-produced in Japan, will be installed in electric mini-vehicles starting in fiscal year 2028. We aim to establish a base for LFP batteries in Japan by making the most of the government support approved by METI", he added.
Under its latest 'The Arc' business plan, Nissan is targeting about 70 percent electrification in passenger vehicle line-up in the Japanese market, with an increase in by 90,000 units in 2023 to 600,000 units in fiscal year 2026.
The company has also announced more automotive plants in Japan under the plan, with the adoption of 'Nissan Intelligent Factory' concept, starting with the Oppama and Nissan Motor Kyushu plants in the country.