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’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

This has proved a conundrum for Japanese automakers that are losing market share to Chinese upstarts in the global race to dominate electric vehicle sales Nissan Motor may have solved the puzzle with the sale

Nissan...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222