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09 08 2017 03

Nissan officially announced a definitive sale and purchase agreement with GSR Capital (GSR), a private investment fund, for the sale of Nissan’s electric battery operations and production facilities to GSR.

Thus ends a 10 year experiment for Nissan to build its own battery cells and packs.

While negotiations with GSR had been progressing over the past couple of months, we just recently learned that NEC (Nissan’s battery partner) had exited the EV battery business, so we figured this announcement would soon follow.

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