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Envision investment deal for 'advanced' China NCM plant

Mon, 01/07/2019 - 00:00 -- John Shepherd

Shanghai-based energy group Envision has confirmed plans to build "the world's most advanced" nickel-cobalt-manganese (NCM 811) battery production line as part of an investment and cooperation agreement with US-based investment firm Sequoia Capital.

Envision, which agreed a deal to become the majority owner of Nissan’s international lithium-ion batteries business in 2018, said the manufacturing facility in Wuxi, in China's Jiangsu Province, will produce "high-safety, high-energy density and high-endurance power batteries" with an eventual annual production capacity of some 20 gigawatt-hours.

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Envision to build China battery plant on back of Nissan deal

Tue, 09/18/2018 - 14:44 -- Hugh Finzel
Envision CEO and founder Lei Zhang. Photo: Envision

Shanghai-based energy group Envision has unveiled plans to build an electric vehicle battery plant in China and upgrade production facilities it has acquired following its takeover of Nissan’s international lithium-ion business.

Envision CEO Zhang Lei (pictured) told the China Daily his company plans to build the plant in Wuxi, Jiangsu province, in a bid to drive down the cost of lithium batteries driving accelerating growth in China’s EV market.

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Nissan in talks to sell EV battery unit

Mon, 06/05/2017 - 11:57 -- Xuan Zhong
Nissan in talks to sell EV battery unit

Nissan is considering the sale of its majority stake in the rechargeable battery unit joint venture it has set up in China with NEC.

The Japanese carmaker has reportedly been seeking a buyer for its share of Automotive Energy Supply Corp (AESC) since last year, as it may be cheaper to buy batteries for its Leaf electric cars from other suppliers.

 

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