Two Japanese automakers on Wednesday unveiled measures to boost their capacity to procure batteries, with Nissan Motor Co. saying it will acquire one of its key suppliers, as the producers look to accelerate the development of electric vehicles.While Nissan has announced its acquisition of lithium-ion battery maker Vehicle Energy Japan Inc., Honda Motor Co. said its Chinese unit will set up a joint venture later this month with local automakers to jointly procure EV batteries.The announcements come as automakers worldwide expand their efforts to roll out less-polluting, electrified cars ami…READ FULL ARTICLE
