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A Nissan Leaf electric vehicle with part of its battery.
Business

Nissan bucks the tide in electric-car age

Carmaker raises eyebrows by unloading battery unit to Chinese fund

ITSURO FUJINO, Nikkei staff writer | Japan

TOKYO -- Nissan Motor's planned sale of an electric-car-battery subsidiary to a Chinese investment fund stands out in a sector where many rivals are pouring more resources into building the key component of increasingly popular electric vehicles.

The bold move seems to comport with the head-over-heart approach of charismatic Chairman Carlos Ghosn even as it raises concerns over disadvantaging Nissan down the road. Whether the company's foresight proves to be 20/20 remains to be seen.

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