Nissan is looking to sell its battery business, reportedly in talks with Panasonic

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Back in 2007, Nissan and NEC, a Japenese tech giant, created a battery manufacturing company, Automotive Energy Supply Corporation (AESC), in order to eventually supply the automaker’s electric vehicle programs. Both companies have since each invested hundreds of millions in the venture, which started producing the battery cells for the Nissan Leaf in 2010.

At some point in 2014, it became one of the largest electric vehicle battery manufacturers, second only to Panasonic, Tesla’s battery cell supplier. The joint-venture has since lost market shares and Nissan has been quite opened about looking to partner with someone else for future EV programs, like it’s new 60 kWh battery pack.

Now we learn that the automaker is looking to sell its shares in AESC and Panasonic could be a buyer. more…

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Pinewold

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This is exactly why owning a battery company is hard. Number two in the market and a battery chemistry one generation behind the leaders is enough of a disadvantage to be considered one step away from bankruptcy.