Nissan agrees to sell electric vehicle battery business to China's Envision Group
Nissan Motor Co. has agreed to sell its electric car battery unit to Chinese renewable company, Envision Group, for an undisclosed sum.
Through the agreement, Envision will acquire a controlling stake in Automotive Energy Supply Corporation (AESC) — the electric battery operations and production facilities of Nissan Motor Co. — for an undisclosed sum.
The Japanese carmaker said the deal will allow it to focus on growing its electric vehicle business.
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Nissan said it will retain a 25% share in AESCO, which owns and operates plants in Japan, UK and the US.
By 2020, the firm aims to sell one million electric and hybrid vehicles as part of the Nissan M.O.V.E strategy.
“We are pleased to have secured a definitive agreement with Envision, a leading global company in the field of sustainable energy," said Yasuhiro Yamauchi, Nissan's chief competitive officer.
"The transaction will enable Nissan to concentrate on developing and producing market-leading electric vehicles - in line with the goals set in our midterm plan Nissan M.O.V.E. to 2022.
“We are confident that Envision will be a strong, long-term owner of the new company and that it will further grow as a battery company with increased competitiveness."
As part of the deal, Envision said it plans to upgrade AESC's facilities and open a new site in Wuxi, China, to serve the fast-growing Chinese market for electric vehicle batteries.
Envision has connected over 50mn smart devices used for wind, solar, energy storage, charging networks, electric vehicles, and home energy management.
Lei Zhang, Envision’s Founder and CEO, added that Envision’ could use Internet of Things (IoT) technology to make the unit’s batteries and charging processes “more intelligent.”
He said: “As a company inspired by technological innovation, we are delighted to work with Nissan and the AESC team to drive further evolution of this technology and the battery sector."
Today, AESC’s lithium-ion batteries are currently used in the company's ‘Leaf’ electric vehicles.
Itronics successfully tests manganese recovery process
Itronics - a Nevada-based emerging cleantech materials growth company that manufacturers fertilisers and produces silver - has successfully tested two proprietary processes that recover manganese, with one process recovering manganese, potassium and zinc from paste produced by processing non-rechargeable alkaline batteries. The second recovers manganese via the company’s Rock Kleen Technology.
Manganese, one of the four most important industrial metals and widely used by the steel industry, has been designated by the US Federal Government as a "critical mineral." It is a major component of non-rechargeable alkaline batteries, one of the largest battery categories sold globally.
The use of manganese in EV batteries is increasing as EV battery technology is shifting to use of more nickel and manganese in battery formulations. But according to the US Department of Interior, there is no mine production of manganese in the United States. As such, Itronics is using its Rock Kleen Technology to test metal recoverability from mine tailings obtained from a former silver mine in western Nevada that has a high manganese content.
In a statement, Itronics says that its Rock Kleen process recovers silver, manganese, zinc, copper, lead and nickel. The company says that it has calculated – based on laboratory test results – that if a Rock Kleen tailings process is put into commercial production, the former mine site would become the only primary manganese producer in the United States.
Itronics adds that it has also tested non-rechargeable alkaline battery paste recovered by a large domestic battery recycling company to determine if it could use one of its hydrometallurgical processes to solubilize the manganese, potassium, and zinc contained in the paste. This testing was successful, and Itronics was able to produce material useable in two of its fertilisers, it says.
"We believe that the chemistry of the two recovery processes would lend itself to electrochemical recovery of the manganese, zinc, and other metals. At this time electrochemical recovery has been tested for zinc and copper,” says Dr John Whitney, Itronics president.
“Itronics has been reviewing procedures for electrochemical recovery of manganese and plans to move this technology forward when it is appropriate to do so and has acquired electro-winning equipment needed to do that.
"Because of the two described proprietary technologies, Itronics is positioned to become a domestic manganese producer on a large scale to satisfy domestic demand. The actual manganese products have not yet been defined, except for use in the Company's GOLD'n GRO Multi-Nutrient Fertilisers. However, the Company believes that it will be able to produce chemical manganese products as well as electrochemical products," he adds.
Itronics’ research and development plant is located in Reno, about 40 miles west of the Tesla giga-factory. Its planned cleantech materials campus, which will be located approximately 40 miles south of the Tesla factory, would be the location where the manganese products would be produced.
Panasonic is operating one of the world's largest EV battery factories at the Tesla location. However, Tesla and other companies have announced that EV battery technology is shifting to use of nickel-manganese batteries. Itronics is positioned and located to become a Nevada-0based supplier of manganese products for battery manufacturing as its manganese recovery technologies are advanced, the company states.
A long-term objective for Itronics is to become a leading producer of high purity metals, including the U.S. critical metals manganese and tin, using the Company's breakthrough hydrometallurgy, pyrometallurgy, and electrochemical technologies. ‘Additionally, Itronics is strategically positioned with its portfolio of "Zero Waste Energy Saving Technologies" to help solve the recently declared emergency need for domestic production of Critical Minerals from materials located at mine sites,’ the statement continues.
The Company's growth forecast centers upon its 10-year business plan designed to integrate its Zero Waste Energy Saving Technologies and to grow annual sales from $2 million in 2019, to $113 million in 2025.