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Envision to build China battery plant on back of Nissan deal

Tue, 09/18/2018 - 14:44 -- Hugh Finzel
Envision CEO and founder Lei Zhang. Photo: Envision

Shanghai-based energy group Envision has unveiled plans to build an electric vehicle battery plant in China and upgrade production facilities it has acquired following its takeover of Nissan’s international lithium-ion business.

Envision CEO Zhang Lei (pictured) told the China Daily his company plans to build the plant in Wuxi, Jiangsu province, in a bid to drive down the cost of lithium batteries driving accelerating growth in China’s EV market.

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