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Envision Group to acquire controlling stake in Nissan’s battery business

SHANGHAI – Shanghai-based Envision Group, a global leading digital energy company, announced on August 3 that it will acquire a controlling stake in Automotive Energy Supply Corp. (AESC), the electric battery operations and production facilities of Nissan Motor Co., Ltd. Nissan will retain a minority equity stake in the post-transaction

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Chinese VC firm GSR Capital to acquire Nissa’s electric battery business

YOKOHAMA – Chinese private investment fund GSR Capital has entered into a definitely sale and purchase agreement with Nissan Motor Co., Ltd. for the sale of its electric battery operations and production facilities, the Japanese automaker said in a statement on August 8. The agreement covers Nissan’s battery subsidiary, Automotive

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