Nissan completes acquisition of Vehicle Energy Japan and signs 200 billion yen green loan

Nissan Motor Co., Ltd. has completed the previously announced acquisition of all the common shares of Vehicle Energy Japan Inc. held by INCJ, Ltd. and subscription of common shares issued by Vehicle Energy Japan Inc. As a result of this transaction, Vehicle Energy Japan Inc. has become a consolidated subsidiary of Nissan. Maxell, Ltd. and Hitachi Astemo, Ltd., both the existing shareholders of Vehicle Energy Japan Inc., will continue to hold its shares jointly with Nissan.

Nissan recently signed a 200 billion yen syndicated green loan agreement arranged by Mizuho Bank as well. Nissan will utilize the loan to support its clean mobility and related projects to progress its long-term electrification and carbon neutrality ambitions. The loan contract period will be five and seven years.

As the first funds raised since launching the Nissan Sustainable Finance Framework in July, the company is deepening its investment program in electrification. Loan proceeds will fund eligible green projects defined in the framework, such as R&D, investments and expenditures for the design, development, and manufacturing of zero-emission vehicles and components for electric vehicles or other future carbon-neutral initiatives.

With a second-party review conducted by Sustainalytics, Nissan has aligned its framework with the Green Bond Principle 2021, Social Bond Principle 2021, Sustainability Bond Guideline 2021, Green Loan Principle 2021, and Social Loan Principle 2021.

As a pioneer in electric vehicles, Nissan is accelerating electrification and technological innovation to enhance zero emission and clean mobility. Nissan seeks to empower journeys and society with a range of electrified vehicles of high value to customers.

The signing of the green loan represents the latest initiative that positions sustainability at the core of Nissan’s business, reflecting its corporate purpose of “Driving innovation to enrich people’s lives.” As Nissan becomes a truly sustainable business, the company aims to realize a cleaner, safer and more inclusive world.

Loan overview

BorrowerNissan Motor Co., Ltd.
Amount200 billion yen
ArrangerMizuho Bank
Co-arrangerMUFG Bank
LendersMizuho Bank, MUFG Bank, and other financial institutions
Effective dateNovember 30, 2022
Contract periodFive and seven years

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