After the completion of the acquisition, Nissan will own a 20% stake in the new company, and cooperate with the vision to promote the development of battery energy storage technology and energy Internet of Things.
The two parties did not disclose the transaction price. Nissan expects the transaction to be completed by March 29, 2019.
According to the vision, since its launch in 2010, AESC's lithium-ion batteries have powered 340,000 Nissan Leaf electric vehicles, driving a total of more than 7 billion kilometers without a serious accident. The vision is to upgrade AESC. Existing production scales in Japan, the United Kingdom and the United States to ensure the production of batteries with high energy density and longer life cycle. In addition, in order to better meet the rapidly growing demand for China's electric vehicle battery and stationary lithium-ion battery market, the vision Also intends to set up a factory in Wuxi, China.
Vision is an energy IoT enterprise, built the energy interconnection operating system EnOS, connecting 50 million wind power, photovoltaic, energy storage, charging piles, electric vehicles and building intelligent terminals. The vision is also the leading intelligent wind power machine enterprise. .
Nissan had previously planned to sell its battery business to Chinese investment institution GSR Capital. However, due to the lack of acquisition funds from Jinshajiang Capital, Nissan Motor cancelled the transaction. Foreign media reported that people familiar with the matter said that Jinshajiang Capital had previously agreed A total of $1 billion was paid for the transaction.