Envision Group acquired Nissan's battery production
The Chinese company was set to purchase 75% of the business, while Nissan was required to maintain 25% and will continue to use batteries (40 kWh and 62 kWh battery packs for the Nissan LEAF and Nissan e-NV200 models), produced by Envision Group. The official start of operation under Envision was scheduled for April 1, 2019.
The deal included:
- Nissan subsidiary Automotive Energy Supply Corporation (AESC)
- battery manufacturing operations in Smyrna, Tennessee, owned by Nissan North America Inc. (NNA)
- battery manufacturing operations in Sunderland, England, owned by Nissan Motor Manufacturing (UK) Ltd. (NMUK)
- Nissan’s Japanese battery development and production engineering operations located in Oppama, Atsugi and Zama
“The new company has the opportunity to grow as a battery company with increased competitiveness under Envision. Nissan will continue to work with the new company as an important supplier as we concentrate our energy on developing and producing market-leading electric vehicles.”