Nissan Likely To Sell Its Battery Business To Panasonic: Report
Nissan Motor is reportedly in talks with Panasonic and overseas companies including Chinese firms over the possible sale of its controlling stake in a car battery manufacturing venture. Two people with knowledge of the matter told Reuters on Saturday that the Japanese automaker wants to sell its 51 percent stake in Automotive Energy Supply Corporation, which makes lithium-ion batteries for electric vehicles. The company is jointly owned by NEC. Quoting the unconfirmed report published in The Nikkei daily, Reuters reported that Nissan was looking to sell the company because it would be cheaper...