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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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Japanese sell battery businesses to China

Tue, 08/15/2017 - 09:49 -- News Editor
Japanese sell battery businesses to China

Nissan has sold its battery business to GSR Capital, a Chinese private equity firm.

Nissan said it will first take full control of the Automotive Energy Supply Corporation (AESC), by acquiring the rest of 49% shares from NEC, to pave the way for the GSR deal.

 

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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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Man City scores with ESS deal

Thu, 05/18/2017 - 12:34 -- Xuan Zhong
Man City scores with ESS deal

One of the UK’s leading football teams, Manchester City, is using its power to promote a residential energy storage system (ESS) that uses recycled car batteries.

The batteries come from Manchester City’s sponsor, Nissan, which has found a use for batteries used in its top-selling Leaf vehicles after their capacity declines to 70-80% and they need replacing.

 

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Rising European ESS and EV market drives UK lithium-ion deal

Mon, 11/14/2016 - 11:29 -- Xuan Zhong

UK energy storage system manufacturer Hyperdrive Innovation has become the first firm to secure a supply of lithium-ion cells and modules from Japanese vehicle OEM Nissan.

The deal with fellow Sunderland-based firm Nissan will allow the firm to launch a scalable 48V/66Ah, 3.5kWh ESS and use the cells in bespoke battery packs for electric motive applications.

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Nissan fails to deny sale of battery making business

Mon, 08/15/2016 - 15:30 -- Paul Crompton
Nissan fails to deny sale of battery making business

Japan OEM Nissan has failed to squash ‘speculation’ that is about to sell off its controlling stake in a battery manufacturing business.

Nissan Motor Co has held talks with companies, including Panasonic and some Chinese firms, over the sale of its car battery-manufacturing venture, reported The Nikkei Asian Review.

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Eaton and Nissan join for 2nd life ESS

Thu, 07/21/2016 - 12:02 -- Paul Crompton
Eaton and Nissan join for 2nd life ESS

Power management company Eaton has joined forces with carmaker Nissan to develop a scalable lithium-ion energy storage system.

The system re-uses battery packs from Nissan’s Leaf electric vehicles for industrial, commercial and residential applications.

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