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Business deals

Nissan's EV battery unit recharged under Chinese ownership

Newly formed company aims to become world No. 2 supplier

Envision AESC makes lithium-ion batteries for Nissan's electric vehicles. (Photo by Tomoki Mera)

TOKYO -- Nissan Motor's electric-car battery business began its new life Monday under the majority ownership of the Envision group, a Chinese renewable energy concern.

Automotive Energy Supply Corp. now operates as Envision AESC Japan. The company falls under Envision AESC Group, the holding company Envision owns with Nissan in an 80-20 split.

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