Nissan terminates sale of battery business to China's GSR Capital
Nissan Motor has abandoned plans to sell its electric battery operations and production facilities to GSR Capital because the Chinese private equity firm didn’t have sufficient funds to complete the transaction.
The deal, disclosed in August of last year and reportedly worth $1 billion, involved Automotive Energy Supply Corp. (AESC) – a joint venture set up by Nissan and NEC to produce advanced lithium-ion batteries...
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