Nissan Pulls Plug on Battery-Enterprise Sale

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TOKYO—Nissan Motor Co. stated it scrapped a plan to promote its battery enterprise to GSR Capital after the Chinese language funding agency was unable to pay for the deal.

The businesses agreed in August final yr that GSR Capital would purchase the vast majority of Nissan’s electric-car battery operations for an undisclosed sum. The deal included Nissan’s battery-manufacturing operations in Smyrna, Tenn.; Sunderland, England, and Japan.

Nissan…



Supply hyperlink – https://www.wsj.com/articles/nissan-pulls-plug-on-battery-business-sale-1530513744?mod=pls_whats_news_us_business_f

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