Automotive

Published on August 6th, 2018 | by Subhash Nair

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Nissan to Sell Electric Battery Business to Envision Group

Nissan Motor Co. today announced it has entered into a definitive agreement with Envision Group, a sustainable energy operator, for the sale of Nissan’s electric battery operations and production facilities to Envision.

The agreement was signed following the cancellation of an earlier transaction for sale to a third party.

The workforce at all facilities covered by the deal will continue to be employed. The headquarters and development centers of the business will remain in Japan.


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