Nissan plans to build new battery recycling plants in Europe and the United States by 2025

According to reports, Nissan plans to build new battery recycling plants in the United States and Europe before the end of fiscal year 2025.

As the price of rare metals rises, Nissan wants to recycle batteries and reuse them for electric vehicles, which will help reduce production costs.

The new plants will be the first battery recycling facilities the company will build outside of Japan, but there is no indication of which country in Europe the plant will be built.

Last month, Nissan announced its electrification plans, pledging to invest 2 trillion yen ($17.53 billion) over five years to accelerate vehicle electrification to catch up with competitors.

The automaker also plans to launch 23 new models by fiscal year 2030, including 15 electric vehicles.