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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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