Zhejiang Unifull Industrial Fibre
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.
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.