Nissan acquires vehicle battery company Vehicle Energy Japan

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© Reuters. FILE PHOTO: The 2023 Nissan Pathfinder is unveiled at the 2022 New York International Auto Show in Manhattan, New York, U.S., April 13, 2022. REUTERS/Brendan McDermid/File Photo

(Correction to clarify Nissan (OTC ? will buy all INCJ stock)

TOKYO (Reuters) – Japan’s Nissan Motor Co said on Wednesday it had agreed to buy lithium-ion battery maker Vehicle Energy Japan Inc.

Nissan will acquire all of the company’s common stock held by Innovation Network Corporation of Japan (INCJ), a state-backed fund, and incorporate Vehicle Energy Japan as a subsidiary, the automaker said in a statement. protocol.

(This story has been corrected to clarify that Nissan will buy all INCJ stock)

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