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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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Webasto’s new Guangzhou plant to produce up to 1.6 million sunroofs annually

GUANGZHOU – Webasto opened its new, larger plant in Guangzhou, Guangdong Province on March 28 with an annual output capacity of up to 1.6 million sunroofs. A global top 100 supplier, Webasto has been present in Guangzhou since 2006 with sunroofs production. The previous site was leased. With the move into

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Renault to drive China growth with 7 new locally-produced models by 2022, eyes sales of 550,000 units

PARIS – Groupe Renault plans to launch seven new locally-produced models in China by 2022, including three electric vehicles, as it plans to increase sales in the world’s largest automobile market by more than 15-fold from just over 36,000 units to 550,000 units. The move is part of Drive the

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Renault-Nissan and Dongfeng to set up new three-way JV to produce EVs

PARIS/BEIJING – The Renault-Nissan Alliance and Dongfeng Motor Group Co., Ltd. announced on August 29 that they have set up a new joint venture – eGT New Energy Automotive Co., Ltd. – to co-develop, produce and sell electric vehicles. Renault and Nissan will each hold 25 percent shares of eGT,

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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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Venucia “spins off” from Dongfeng-Nissan into independent company

WUHAN, Hubei – Venucia, the joint venture independent brand that has operated as a business division under Dongfeng-Nissan Passenger Vehicle Co. for more than six years, has “spun off” into an independent company with its own sales operations, according to an announcement by Dongfeng-Nissan parent company Dongfeng Motor Co., Ltd.

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