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Nissan to Shed Battery-Making Operations
Nissan Motor Co. aims by year-end to sell its 51% stake in a battery-making venture with NEC Corp. and shed independent battery production operations in the U.K. and U.S., sources tell The Nikkei.
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Nissan Motor Co. aims by year-end to sell its 51% stake in a battery-making venture with NEC Corp. and shed independent battery production operations in the U.K. and U.S., sources tell The Nikkei.
The moves will reduce battery costs, free up resources and enable the company to focus on electric powertrain development, according to the newspaper.
Nissan has launched talks with Chinese and Japanese companies about selling its equity in Automotive Energy Supply Corp., The Nikkei’s sources say. Nissan launched the venture with NEC in 2007 to make lithium-ion batteries for its Leaf electric sedan. The carmaker has sold about 230,000 Leafs since 2010.
AESC is the world’s second-largest lithium-ion battery supplier, after Panasonic Corp., according to The Nikkei. The company’s revenue in the fiscal year ended last March 31 was 37 billion yen ($361 million).
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