Bloomberg reported that Nissan Motor Co. wants to use its Tennessee battery plant to manufacture lithium-ion batteries, motors, and other components for its Leaf electric car.
As quoted in the market news:
The Smyrna, Tennessee, factory, funded with a $1.4 billion Energy Department loan, opened late last year to make Leaf’s lithium-ion batteries, motors and other components. U.S. sales of the rechargeable car have missed Nissan’s target for the past two years, staying below 10,000 units. The factory, next to Nissan’s largest U.S. auto-assembly plant, was intended to eventually supply packs and parts for 200,000 vehicles annually.
Get Our Expert Guide to Lithium Investing - FREE!
Click here to download your FREE INN Report on the lithium market, "Lithium Forecast & Lithium Stocks To Buy".