Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.
Ad

Nissan set to sell its battery business in two weeks

May 31, 2017, 05:23 PM IST by Santosh Nair
Nissan set to sell its battery business in two weeks

Nissan is selling its AESC (Automotive Energy Supply Corp.) battery manufacturing business that’s based out of Japan to Chinese firm, GSR Capital. It is believed that the deal will go through for USD 1 billion and is expected to be finalised in the next two weeks.

For those of you who didn’t know this, AESC supplied cells and modules for Nissan’s LEAF, e-NV200 and some of the Renault models too. Now most people may be surprised at a car maker selling out its battery business at the outset EV revolution, but let’s take a closer look. Nissan, over the years, is known to be edging further away from building all of its batteries, and has also been procuring cells according to their needs, from LG Chem. Nissan CEO Carlos Ghosn told reporters earlier that the reason behind using batteries from LG Chem instead of their own was because LG is simply the best battery maker out there.

On the other hand, analysts ascertain that GSR Capital is eager to move part of the battery manufacturing process to China since native car makers like Dongfeng Motor Group are looking to ramp up EV production, and it is definitely a winning proposition for the company. So what really changed the earlier perspective of ‘build your own batteries’? In 2015, LG Chem introduced and started taking orders for its $145/kWh battery cells in 2015, which just changed the earlier perception overnight. So it didn’t make battery production important for car makers (no investments needed) and they could now just focus on building the car itself.

 

 

  • Nissan
  • electric
  • FaceBook Logo
  • Twitter Logo
  • Email Logo
Show CommentsHide Comments
Ad
  • Upcoming Cars

Audi New A6Audi New A6

24th Oct 2019

50L - ₹ 60L
Tata Tiago EVTata Tiago EV

Nov 2019

5L - ₹ 7L
Hyundai Tucson FaceliftHyundai Tucson Facelift

Nov 2019

18L - ₹ 20L
Tata Tigor FaceliftTata Tigor Facelift

Nov 2019

6L - ₹ 7L
Audi Q2Audi Q2

Nov 2019

28L - ₹ 32L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free
Ad

Only

  • 00DAYS
  • 00HRS
  • 00MINS
  • 00SEC

Days To Go!

Official Tyre Partner:

Know More

Select your city to avail offers

Currently available only in