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Nissan selling batteries unit to China’s Envision

Tue, 08/14/2018 - 10:48 -- John Shepherd
Lei Zhang

Shanghai-based energy group Envision has agreed a deal to become the majority owner of Nissan’s international lithium-ion batteries business.

The definitive agreement with Envision comes just two months after Nissan’s proposed sale of the business to Chinese private equity firm GSR Capital fell through.

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Nissan battery unit sale off as Chinese ‘fail to raise funds'

Tue, 07/10/2018 - 12:07 -- Xuan Zhong
Nissan battery unit sale off as Chinese ‘fail to raise funds'

Nissan has called off the sale of its batteries business to Chinese private equity firm GSR Capital, saying the buyer failed to raise the cash required.

A number of Chinese firms including lithium manufacturer Zhejiang Unifull Industrial Fibreand lead-acid battery maker Camel had said they would join GSR in the reported $1 billion acquisition of Nissan subsidiary Automotive Energy Supply Corp and manufacturing operations in Japan, the UK and US.

 

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Nissan chief to lead new UK battery centre

Fri, 05/25/2018 - 09:45 -- John Shepherd
Nissan chief to lead new UK battery centre

The boss of Nissan batteries in the UK, Jeff Pratt, is to head a new national centre supporting government plans to develop next-generation battery systems for the automotive sector.

Pratt (pictured) will take up the post of MD at the UK Battery Industrialisation Centre (UKBIC)— part of the UK government’s Faraday Institution— next month.

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CATL clinches EV battery deal with Renault

Tue, 05/22/2018 - 08:55 -- Xuan Zhong
CATL clinches EV battery deal with Renault

Chinese lithium battery giant Contemporary Amperex Technology (CATL) is to supply batteries for Renault’s Kangoo ZE electric vehicle range, BBB has confirmed.

And Renault’s EV “alliance” partner, Nissan, has told BBB it will also use Chinese-made batteries for its first mass-produced Sylphy Zero Emission EVfor China— although it declined to name the supplier. 

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Nissan plant ‘offers energy storage from battery recycling’

Tue, 04/03/2018 - 12:19 -- John Shepherd
Nissan plant ‘offers energy storage from battery recycling’

Nissan has opened an electric vehicle battery recycling facility in Japan which will also provide energy storage systems for the area.

The plant in Namie will be run by 4R Energy, a joint venture between Nissan and the Sumitomo Corporation.

 

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Nissan in Thailand battery production talks

Mon, 02/12/2018 - 10:37 -- John Shepherd
Nissan in Thailand battery production talks

Just months after selling its Japan-based electric vehicles batteries business to China, Nissan is in talks with Thailand’s government about starting battery production there, BBB has confirmed.

Nissan regional senior vice-president Yutaka Sanada said during a Nissan conference in Thailand the country’s military government is “keen to support investment” in batteries and EV production, a Nissan spokesperson said.

 

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China names new base for Nissan batteries

Thu, 10/26/2017 - 10:39 -- Xuan Zhong
China names new base for Nissan batteries

Zhenjiang in China is to be the new headquarters and production base for the now Chinese-owned Nissan electric vehicles batteries business, state media has reported.

The new Nissan batteries complex will be set up in the Zhenjiang New District in Jiangsu Province at a cost of around CNY12.5 billion ($1.9bn), according to China’s Xinhua News Agency.

 

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China’s Camel to join Nissan battery buyout deal

Mon, 09/11/2017 - 11:38 -- Xuan Zhong
China’s Camel to join Nissan battery buyout deal

Camel Group has become the latest Chinese battery maker set to invest in the takeover of Nissan’s battery business led by private equity firm GSR Capital Advisors.

The announcement came after Zhejiang Unifull Industrial Fibre said it too would invest as a partner in the buyout deal.

 

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Chinese firm joins Nissan battery buyout deal

Wed, 08/30/2017 - 10:20 -- News Editor
Chinese firm joins Nissan battery buyout deal

A Chinese lithium battery manufacturer is chipping in up to $100 million to join the takeover of Nissan’s battery business by Chinese private equity firm GSR Capital Advisors.

Zhejiang Unifull Industrial Fibre said in a stock exchange filing it had signed a framework agreement with GSR Capital to become a partner in funding the Nissan deal, which Nissan confirmed earlier this month.

 

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