Nissan Motor may have solved China electric car puzzle

The carmaker’s sale of its electric battery business to a Chinese private equity fund may shift its China business into top gear.

Nissan Motor may have solved China electric car puzzle

Nissan Motor’s sale of its electric battery business to Chinese private equity fund GSR Capital could be a major step towards local procurement of batteries in the world’s biggest electric vehicle market.

In China, electric vehicles are not eligible for subsidies unless batteries are procured from a manufacturer certified by the Chinese government. No foreign-owned carmaker has this certification. On the other hand, few Chinese battery makers can meet the technological requirements of global automakers....

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