User avatar
jhm614
Posts: 920
Joined: Fri Apr 23, 2010 7:48 pm
Delivery Date: 30 Mar 2011
Leaf Number: 000493
Location: Arlington, TX

Nissan Sale of Battery Joint Venture Official

Tue Aug 08, 2017 6:36 am

Looks like Nissan is buying out NEC and selling the whole thing to a Chinese firm, including the TN battery plant. Reuters says their info is coming from Nissan directly.

https://www.reuters.com/article/us-niss ... SKBN1AO0K1
2011 Brilliant Silver SL - 110,000 gasoline free miles so far.
4BL: 06/29/13 @ 27 months, 43,520 miles, 42.56 Ahr. New 12 bar battery: 09/09/13
4BLx2:12/31/16 @ 69 months, 99,475 miles, 42.99 Ahr.

edatoakrun
Posts: 5222
Joined: Thu Nov 11, 2010 9:33 am
Delivery Date: 15 May 2011
Leaf Number: 2184
Location: Shasta County, North California

Re: Nissan Sale of Battery Joint Venture Official

Tue Aug 08, 2017 7:56 am

jhm614 wrote:Looks like Nissan is buying out NEC and selling the whole thing to a Chinese firm, including the TN battery plant. Reuters says their info is coming from Nissan directly.

https://www.reuters.com/article/us-niss ... SKBN1AO0K1

It is:

Aug 8, 2017
Nissan to sell electric battery business to GSR Capital

YOKOHAMA, Japan – Nissan Motor Co., Ltd. (Nissan) today announced it has entered into 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.

The sale and purchase agreement covers Nissan's battery subsidiary, Automotive Energy Supply Corporation (AESC), as well as battery manufacturing operations in Smyrna, Tennessee, owned by Nissan North America Inc. (NNA), and in Sunderland, England, owned by Nissan Motor Manufacturing (U.K.) Ltd. (NMUK). Assets sold to GSR will also include part of Nissan's Japanese battery development and production engineering operations located in Oppama, Atsugi and Zama.

Hiroto Saikawa, president and chief executive officer of Nissan, said: "This is a win-win for AESC and Nissan. It enables AESC to utilize GSR's wide networks and proactive investment to expand its customer base and further increase its competitiveness. In turn, this will further enhance Nissan's EV competitiveness. AESC will remain a very important partner for Nissan as we deepen our focus on designing and producing market-leading electric vehicles."

Sonny Wu, chairman of GSR Capital, added: "The acquisition of AESC represents an important step for us in the new energy vehicle industry chain. We plan to further invest in R&D, expand existing production capacity in the U.S., UK and Japan, and also establish new facilities in China and Europe, enabling us to better serve customers around the world. With these capabilities and plans added to the battery business' already skilled workforce, high technical capabilities and proven product-quality track record, we will be in a very good position for growth."

The workforce at all facilities covered by the deal, including the production plants at Zama, Sunderland and Smyrna, will continue to be employed. The headquarters and development centers of the business will remain in Japan.

Nissan will implement the transaction by first taking full control of AESC – founded in 2007 to develop advanced lithium-ion batteries – by acquiring the combined 49% minority holding held by NEC Corporation and its wholly owned battery and electrode subsidiary, NEC Energy Devices, Ltd (NECED).

NEC today announced its approval of the sale of AESC shares to Nissan and the fact that it is in negotiations with GSR for the sale of NECED.

Today's announced transaction is subject to normal consultation with staff representative bodies and, pending regulatory approvals, is expected to be completed by the end of December 2017. The transaction is contingent on GSR concluding purchase of all NECED shares from NEC. Financial terms have not been disclosed.

http://nissannews.com/en-US/nissan/usa/ ... sr-capital
no condition is permanent

edatoakrun
Posts: 5222
Joined: Thu Nov 11, 2010 9:33 am
Delivery Date: 15 May 2011
Leaf Number: 2184
Location: Shasta County, North California

Re: Nissan Sale of Battery Joint Venture Official

Wed Aug 09, 2017 7:39 am

The Nikkei article below, which confirms the Gen two LEAF will use AESC packs, is nonetheless openly skeptical of Nissan's AESC sale strategy.

Seven years ago I held much the same opinion, since the battery pack is so central to BEV design, using outside suppliers would be disadvantageous.

But since Carlos Ghosn is in the unique position of heading two major BEV manufactures, Nissan and Renault, which now each have many years of experience in mass-production using both approaches to sourcing batteries, maybe he knows what he is doing...

Nissan bucks the tide in electric-car age

Carmaker raises eyebrows by unloading battery unit to Chinese fund


TOKYO -- Nissan Motor's planned sale of an electric-car-battery subsidiary to a Chinese investment fund stands out in a sector where many rivals are pouring more resources into building the key component of increasingly popular electric vehicles.

The bold move seems to comport with the head-over-heart approach of charismatic Chairman Carlos Ghosn even as it raises concerns over disadvantaging Nissan down the road. Whether the company's foresight proves to be 20/20 remains to be seen...

Ghosn, who also heads the Nissan-Renault alliance, highlighted the Nissan group's lead in electric vehicles at the company's shareholders meeting this June. He noted how the group, including capital partner Renault, had sold 460,000-plus electric vehicles so far, twice as many as American media darling Tesla.

Ghosn has declared that the group will invest 1.2 billion euros ($1.41 billion) to 2020 in the development of electric-vehicle and other technologies. Nissan is gearing up to roll out this year a revamped Leaf electric car with an AESC battery.

Batteries are as essential to electric cars as engines are to conventional autos. AESC was created back in 2007, during a time of skepticism over the popularization of electrics. So Nissan had no choice but to make the batteries in-house, according to a company official.

But the landscape has shifted radically over the past year or two...

Despite the bright prospects for its battery business, Nissan is stepping away from production. This way, "we can focus more on developing and producing electric vehicles" themselves, President Hiroto Saikawa said.

The sale will also likely help Nissan save money on vehicle production. The price of automotive lithium-ion batteries will drop 16% to 21,000 yen per kilowatt-hour of output in 2020, research company Fuji Keizai projects. Buying batteries will enable Nissan to compare different suppliers, making more economic sense...

https://asia.nikkei.com/Japan-Update/Ni ... ic-car-age
no condition is permanent

cwerdna
Posts: 8094
Joined: Fri Jun 03, 2011 4:31 pm
Delivery Date: 28 Jul 2013
Location: SF Bay Area, CA

Re: Nissan Sale of Battery Joint Venture Official

Mon Jul 02, 2018 1:45 pm

Woah! :o

Nissan Sticks With AESC, Sale Of Battery Unit To GSR Canceled
https://insideevs.com/nissan-stuck-with ... -canceled/

'13 Leaf SV w/premium package (owned)
'13 Leaf SV w/QC + LED & premium packages (lease over, car returned)
'06 Prius

Please don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

SageBrush
Posts: 2685
Joined: Sun Mar 06, 2011 2:28 am
Delivery Date: 13 Feb 2017
Location: Colorado

Re: Nissan Sale of Battery Joint Venture Official

Mon Jul 02, 2018 3:13 pm

Not 'sticks with,' but 'stuck with.'
The Chinese missed 3 deadlines to pay, I presume defaulting on the contract. Nissan is now looking for another buyer.
Know anybody interested in factories that can make batteries that last a few years in hot weather ? Bargain price !

The Nissan EV program has been in caretaker mode for 5 years. Almost no investment or improvement. The writing has been on the wall for years. Will Nissan decide on another big gamble and try again ? That would be nice, but no sign of it so far and I have my doubts whether they even have the expertise. Let alone the capital.
2013 LEAF 'S' Model with QC & rear-view camera
Bought off-lease Jan 2017 from N. California
Car is now enjoying an easy life in Colorado
3/2018: 58 Ahr, 28k miles
-----
2018 Tesla Model 3 LR, Delivered 6/2018

WetEV
Posts: 2258
Joined: Fri May 04, 2012 8:25 am
Delivery Date: 16 Feb 2014
Location: Near Seattle, WA

Re: Nissan Sale of Battery Joint Venture Official

Tue Jul 03, 2018 6:57 am

SageBrush wrote:Not 'sticks with,' but 'stuck with.'
The Chinese missed 3 deadlines to pay, I presume defaulting on the contract. Nissan is now looking for another buyer.
Know anybody interested in factories that can make batteries that last a few years in hot weather ? Bargain price !

The Nissan EV program has been in caretaker mode for 5 years. Almost no investment or improvement. The writing has been on the wall for years. Will Nissan decide on another big gamble and try again ? That would be nice, but no sign of it so far and I have my doubts whether they even have the expertise. Let alone the capital.


Ah yes, Tesla Troll strikes again. Ever get tired of this, eh?

Nissan surely has the capital. Profitable, and all that? Unlike another company we might mention. Makes more cars everyday than that company can make in a month in their dreams, and much less in reality.

Nissan generated an operating profit of 574.8 billion yen on net revenues of 11.95 trillion yen


http://nissannews.com/en-US/nissan/usa/ ... -year-2017

$5,191,018,800 yearly profit, at current exchange rate.

Expertise? The Leaf is really very good, when compared with most EVs. Much lower defect rate than Tesla, according to Consumer Reports. Doesn't have the annoying SSN or "Stop Safely Now" bug of the Ford Focus Electric. Or the sudden battery shutdown problem of the Chevy Bolt. Or Tesla's drivetrain problems. Nissan has produced a very nice, very reliable car. Yes, not as durable as you would hope for in hot climates. In another 6 years, I would likely want to replace my Leaf. At the current improvement rate of batteries, I'd hope to see 80 kWh to 140 kWh battery choices.

Decide? Only time will tell.

As for the battery plant, maybe Nissan will just write it off. Not a big deal.
WetEV
#49
Most everything around here is wet during the rainy season. And the rainy season is long.
2012 Leaf SL Red (Totaled)
2014 Leaf SL Red

cwerdna
Posts: 8094
Joined: Fri Jun 03, 2011 4:31 pm
Delivery Date: 28 Jul 2013
Location: SF Bay Area, CA

Re: Nissan Sale of Battery Joint Venture Official

Mon Aug 06, 2018 6:57 am

Nissan agrees to sell car battery unit to China's Envision Group
https://www.reuters.com/article/us-niss ... SKBN1KO15A

'13 Leaf SV w/premium package (owned)
'13 Leaf SV w/QC + LED & premium packages (lease over, car returned)
'06 Prius

Please don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

Return to “Batteries & Charging”