Nissan is joining ChargeScape, the joint venture founded by BMW, Ford, and Honda for the grid integration of electric vehicles in North America. Following the completion of Nissan's transaction, the four automakers will each hold a 25% stake in ChargeScape.

Nissan Motor announced on Monday that it will invest in ChargeScape, an electric vehicle (EV) battery charging technology company. While the investment amount remains undisclosed, Nissan will acquire a 25% stake in the firm,

Nissan Motor announced on Monday that it will acquire ChargeScape for an unknown sum and offer its electric vehicle owners in the US and Canada access to the battery charging technology company’s services.

Japanese automaker Nissan is set to invest an undisclosed amount in automotive technology company ChargeScape, a joint venture specialising in electric vehicle-grid integration. ChargeScape is co-owned by BMW, Ford, and Honda.

Four major automakers collaborate on a project to maximize the power grid while offering EV owners an incentive.

Nissan: ChargeScape, which provides software and technology to optimize EV battery charging, competes in a tight market that is dominated by Tesla and has seen newer entrants such as ChargePoint, Gridserve and BP Pulse.

Nissan has entered into an agreement to invest in ChargeScape, a joint venture equally owned by BMW, Ford and Honda focused on electric vehicle-grid integration. Once the transaction is complete, Nissan will become an equal 25% investor in ChargeScape and will roll out ChargeScape's services to its EV drivers across the U.

EV integration company ChargeScape as an equal investor, alongside founding automakers BMW, Ford, and Honda. Once the investment transaction is complete, Nissan said it plans to roll out ChargeScape’s services to its electric vehicle customers in the US and Canada.

Nissan is joining ChargeScape, the alliance created by three of its competitors: Ford Motor Co., American Honda Motor Co. and BMW.