Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

My Favorite China's Brands
Company

Envision AESC completes acquisition of Nissan Motor's power battery unit

April 02, 2019


Abstract : Envision AESC, the battery industry fund of Envision Group, has completed the acquisition of Automotive Energy Supply Corporation previously owned by Nissan Motor Co., Ltd., according to Envision Group.

NANJING, April 2 (Xinhua) -- Envision AESC, the battery industry fund of Envision Group, has completed the acquisition of Automotive Energy Supply Corporation previously owned by Nissan Motor Co., Ltd., according to Envision Group.

The acquisition includes the controlling stake of all the power battery production bases in Japan, the United States and the UK. Envision AESC and Nissan hold around 80 percent and 20 percent of the shares respectively in the newly-established Japanese holding company Envision AESC Group Ltd.

Shoichi Matsumoto, Envision AESC Group CEO, said that more than 430,000 electric vehicles have installed lithium-ion batteries manufactured by the company in Japan, the United States and Europe, with zero instances of critical malfunction such as catching fire.

With a head office in Japan, Envision AESC Group operates battery production bases in Zama of Japan, Tennessee of the United States and Sunderland of the UK. The company located its fourth production and R&D base in China, with a plant officially commencing construction in February in Wuxi of eastern China's Jiangsu Province.

The Wuxi plant is expected to manufacture lithium-ion batteries (NCM811) with an estimated annual production capacity of 20GWh and provide power batteries every year for about 400,000 new energy vehicles worldwide.

Meanwhile, Envision AESC also acquired the entire share capital of NEC Energy Devices, Ltd., a battery electrode manufacturer under NEC Corporation, according to the press release.

Founded in 2007, Envision Group is a pioneer in energy internet of things (IoT) and owner of the intelligent IoT operating system EnOS, managing 100GW of energy assets globally.

Scan the QR code and push it to your mobile phone

Keyword: M&A acquisition Envision-Group

Reading:

Pakistan breaks ground for China-funded New Gwadar Int'l Airport

Fuan Pharmaceutical to cooperate with U.S. firms on industrial cannabis production and processing

Energy base project with inv't of RMB 17.5 bln settles in E China Zhejiang

Weekly snapshot of China's local business news: Geely, Huawei, Moutai, Vanke, BYD and BGI

Beijing sets up investment fund for its sub-center

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial