Nissan Plans To Stop Making Electric Car Batteries

Posted: Aug 8 2016, 6:55am CDT | by , in News | Cars & Vehicles


Nissan Plans to Stop Making Electric Car Batteries
British Prime Minister David Cameron (R) talks to Production Supervisor Paul Kerry (L) as they look at a battery used to power the Nissan Leaf electric vehicle during a visit to the Nissan factory in Sunderland, northeast England. Credit: Getty Images
  • The Car Brand Nissan may not Churn Out anymore Electric Batteries

The car brand known as Nissan may not churn out anymore electric batteries for its vehicles.

Nissan has always manufactured its very own electric car batteries. This has been made possible thanks to a little help from some other agencies. However, now it has decided to change its ways for the better.

Automotive Energy Supply (AES) which is Nissan’s source in conjunction with NEC may have to step down its manufacturing a little to accommodate Nissan. What Nissan actually wants to do is sell its shares in AES with NEC doing likewise. 

It would be in the best interests of Nissan. To buy batteries from external sources is less costlier than the alternative which had put a dent in Nissan’s revenues.

Although right now the new supplier group is a mystery, some say that Nissan is in parleys with Panasonic as well as a few Chinese dealers.

The execs at Nissan are maintaining silence on the matter though. They have yet to shout it out from the rooftops. NEC and Panasonic are keeping mum about the speculation too. A deal would be ideal though. 

The market for lithium-ion batteries is getting so competitive that things are all set to bring out the best in the products. This is the hallmark of capitalism that its cutthroat competition leads to the best quality emerging from the rubble of products and services.

Even such behemoths as Sony have decided to jump on the bandwagon. If Nissan and NEC manage to make room for some improvement, the buyer could gain the edge in the competitive market.

Panasonic has an ongoing partnership with Tesla regarding car batteries. Were Panasonic to get the contract with Nissan, it would become a very strong competitor in the arena. People would pay it far more respect and it would have a lot of clout to boot.   

Especially the race for this market by non-Japanese companies could reach breakneck speed thanks to this arrangement. Nissan has a 51% stake in AES.

This is something it wants to sell no matter what happens. Electric cars are the wave of the future as is evident from the field that Tesla Motors has taken to be its domain. As mankind shifts from reliance on fossil fuels to other cleaner sources of energy, this is bound to happen.

Sources: Nikkei & Reuters via Engadget

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.




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