New battery recycling plants in the U.S. and Europe are proposed by the end of fiscal year 2025

Recently, Japanese automaker Nissan Motor plans to build new battery recycling plants in the United States and Europe by the end of fiscal year 2025.

According to public information, Nissan's plan came at a time when the price of rare metals rose. The company hopes that recycling batteries and reusing them in electric vehicles will help reduce production costs.

For now, Nissan's global competitors are racing to invest in electric vehicles. As global electrification accelerates, Nissan plans to invest 2 trillion yen ($17.6 billion) over the next five years to accelerate the electrification of its automotive product line and technological innovation.

Taking the Japanese car company Toyota as an example, wisdom bud experts said that as of the latest, Toyota and its affiliates have 444663 patent applications in 126 countries/regions, of which invention patents account for 89.49%. From the perspective of patent trends, the company's above-mentioned patent applications show an "arch bridge shape", from the initial gradual increase, to the middle of the flat, and then to the number of patents in recent years slightly declined, at the same time, the company's patent licensing ratio is also the trend. The number of invention patents and the number of granted patents in a company often reflect a company's level of innovation.

In addition, according to Wisdom Bud data, the company currently has 3377 patent applications with electric vehicles. The company's patented technologies in the above areas are mainly sourced from Japan, followed by the United States, China, the Czech Republic and so on.