Lisbon, Portugal – The Renault-Nissan Alliance has announced it will build a battery production site in Portugal to manufacture advanced lithium-ion batteries.
The new plant will be located at Renault’s industrial complex in Aveiro, about 250 km north of Lisbon.
Construction of the plant will start in 2010, with production commencing in 2012. The projected annual capacity is 50,000 units. Under an agreement with the government of Portugal, Nissan will invest over €160 million and directly create 200 new jobs.
The investment follows an announcement in November 2008 that Portugal will work with the Renault-Nissan Alliance to implement a zero emission mobility program from 2010. Under the plan, the Alliance will supply electric vehicles from January 2011, while the Portuguese government will leverage an extensive network of 1,300 planned recharging stations that will be installed across the country over the next two years.