15 Sep '14, 9am

Nissan may source cheaper batteries from LG Chem Nissan boss Carlos Ghosn is preparing to

Nissan may source cheaper batteries from LG Chem Nissan boss Carlos Ghosn is preparing to

Nissan boss Carlos Ghosn is preparing to cut battery manufacturing, people familiar with the matter said, in a new reversal on electric cars that has reopened deep divisions with alliance partner Renault. The plan, which faces stiff resistance within the Japanese carmaker, would see U.S. and British production phased out and a reduced output of next-generation batteries concentrated at its domestic plant, two alliance sources told Reuters. In what may also prove a politically sensitive blow to Japan Inc., Nissan would follow Renault by taking cheaper batteries from South Korea's LG Chem for some future vehicles, including models made in China. "We set out to be a leader in battery manufacturing but it turned out to be less competitive than we'd wanted," said one executive on condition of anonymity. "We're still between six months and a year behind LG in price-performance t...

Full article: http://www.electric-vehiclenews.com/2014/09/nissan-may-so...

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