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Nissan in talks to sell battery biz to Panasonic

Nissan Motor wants to sell its 51% stake in Automotive Energy Supply Corporation, which makes lithium-ion batteries for electric vehicles

Reuters 

Nissan Motor is in talks with Panasonic and overseas companies including Chinese firms over the possible sale of its controlling stake in a car battery manufacturing venture, sources said. Two people with knowledge of the matter said on Saturday that the Japanese automaker wants to sell its 51 per cent stake in Automotive Energy Supply Corporation, which makes lithium-ion batteries for electric vehicles. The company is jointly owned by NEC. The Nikkei daily on Friday reported that Nissan was looking to sell the company because it would be cheaper to buy batteries for its electric vehicles ...

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First Published: Mon, August 08 2016. 00:28 IST
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