Nissan has now completed the announced sale of its battery business to Envision Group, a global digital energy company from China who has now been in charge of the business since 1 April. Nissan wants to concentrate on the development and production of electric vehicles, according to its headquarters in Yokohama, Japan.
“The new company has the opportunity to grow as a battery company with increased competitiveness under Envision,” said Yasuhiro Yamauchi, who is responsible for competition issues at Nissan. The carmaker will nevertheless continue to work with the new company as an important supplier, the board member added. In August 2018, Nissan announced the sale of its battery business to Envision Group after a deal with the Chinese company GSR Capital had failed. At that time, Nissan assured that the employees of all facilities affected by the agreement would remain employed. The new company’s headquarters and development centres will remain in Japan.