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In mid-2017, Nissan announced that it would sell its battery businesses, including AESC (with its acquired 49% NEC stake), to Chinese investment company GSR Capital for approximately $1 billion. [12]
Automotive Energy Supply Corporation (AESC) is a manufacturer offor electric vehicles. It was established in 2007 as abetweenand . China'sbecame.
In April 2019, the company announced plans to open a new 20 GWh capacity battery plant in Jiangyin a town in the northern district of , Jiangsu, China, roughly triple its production capacity of.
In 2007, , , andagreed to establish a lithium-ion battery company for electric vehicles, focused on development to production.In 2008, the.
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