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Nissan sells global battery business to Chinese private equity firm

2017-08-08T16:52:01Z

Nissan Motor Company says it has sold its global electric battery business to Chinese private investment fund, GSR Capital, for an undisclosed sum. The sale includes Nissan’s battery subsidiary, Automotive Energy Supply Corporation (AESC), as well as battery manufacturing operations in Smyrna, Tennessee and in Sunderland, England. GSR, with offices ...