NIssan Offloads EV Battery-Making Operations
Nissan has confirmed that its EV battery making division, Automotive Energy Supply Corporation (AESC), is to be sold, with a definitive sale and purchase agreement decided upon with Chinese investment firm GSR Capital. The sale includes Nissan’s
Nissan has confirmed that its EV battery making division, Automotive Energy Supply Corporation (AESC), is to be sold, with a definitive sale and purchase agreement decided upon with Chinese investment firm GSR Capital.
The sale includes Nissan’s battery production facilities in the US and UK as well as Nissan’s development and production site located in Japan.
No financial details of the sale have been provided yet, and the sale still requires regulatory approval, a process that’s expected to be completed by December 2017.
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