Nissan to sell battery business to Chinese renewable energy operator – Japan Today

TOKYO Nissan Motor Co plans to sell its battery business to Chinese renewable energy operator Envision Group for an undisclosed amount.

Nissan secured the deal after announcing last month it had canceled a plan to sell the subsidiary, Automotive Energy Supply Corp, and other battery operations to GSR Capital, citing lack of necessary funds on the part of the Chinese investment firm.

Nissan hopes to complete the sale by next March.

via Nissan to sell battery business to Chinese renewable energy operator – Japan Today