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Browsing the "GSR" Tag

NEC Exiting Battery Business, Likely Selling Its Division To Chinese Investment Group

August 3rd, 2017 | by James Ayre

The Tokyo-based manufacturer NEC is reportedly in final talks with the China-based investment group GSR to sell its battery electrode subsidiary, NEC Energy Devices, according to recent reports. If the deal goes through, then that means that NEC will have completely exited the expensive lithium-ion business — presuming that the sale of NEC's interest in its automotive battery joint venture with Nissan Motor to GSR also goes through

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