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Search Keyword: GSR includes battery plants in Tennessee

Articles
  Sep 01, 2017

Nissan sells electric battery business to GSR Capital

Japanese auto major Nissan Motor Co has sold its electric battery business to Chinese investment firm GSR Capital for an undisclosed sum. The business to be sold to GSR includes battery plants in Tennessee, England and Japan. Nissan will first take full control of the business - Automotive Energy Supply Corp - by buying the combined 49% minority stake held by NEC Corp and its subsidiary NEC Energy Devices.

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