Jump to content
The World News Media

Search the Community

Showing results for tags 'gsr capital'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • English
    • Topics
  • Jehovah’s Witnesses's Topics
  • Jehovah’s Witnesses's Weekly Study Materials
  • Testigos de Jehová's Tema
  • Chevrolet Volt's Topics
  • Nederlands's Topics
  • ελληνικά's Topics
  • Μάρτυρες του Ιεχωβά's Topics
  • Tieng Viet's Topics
  • русский's Topics
  • Свидетели Иеговы's Topics
  • Polski's Topics
  • Świadkowie Jehowy's Topics
  • Mga Saksi ni Jehova's Topics
  • Testemunhas de Jeová's Topics
  • Portugués's Topics
  • Testimoni di Geova's Topics
  • Zeugen Jehovas's Topics
  • Deutsch's Topics
  • Témoins de Jehovah's Topics
  • Nouvelles du Monde's Topics
  • Español's Topics
  • Korea 세계 포럼's Topics / 주제
  • Tiếng Việt's Chủ đề

Categories

  • Records
  • Food and Drink
  • Health and Medicine
  • Religion
  • Español
  • Bitcoin

Calendars

  • Community Calendar
  • Jehovah’s Witnesses's Events
  • Testigos de Jehová's Calendario
  • Chevrolet Volt's Events
  • Nederlands's Events
  • ελληνικά's Events
  • Μάρτυρες του Ιεχωβά's Events
  • Μάρτυρες του Ιεχωβά's Events
  • Tieng Viet's Events
  • русский's Events
  • Свидетели Иеговы's Events
  • Polski's Events
  • Świadkowie Jehowy's Events
  • Mga Saksi ni Jehova's Events
  • Testemunhas de Jeová's Events
  • Portugués's Events
  • Testimoni di Geova's Events
  • Zeugen Jehovas's Events
  • Deutsch's Events
  • Témoins de Jehovah's Events
  • Español's Events

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


About Me

Found 1 result

  1. Nissan is saying goodbye to one of its’ subsidiaries this year, their battery operations and manufacturing division to GSR Capital, a private equity firm based in Beijing. NissanÂ’s subsidiary, Automotive Energy Supply Corporation (AESC), was founded in 2007 through a partnership with NEC, an electronics manufacture based in Tokyo, Japan. The joint partnership invested over $1B into the business throughout since its founding. AESC provides Nissan with all the batteries it uses in its electric cars, such as the Nissan Leaf and Renault. AESC was the second largest automotive battery provider in the world, behind Panasonic. Panasonic has positioned itself to continue leading the industry through itÂ’s close partnership with Tesla. The company has held a market share of 34% at the end of 2015, compared to 12% percent of the market by AESC, and a 33% market share as an aggregate of the next five largest companies. Nissan has been extremely aggressive in the EV market, with the Leaf having started production in 2010 as the first mass-produced electric vehicle. NissanÂ’s Chairman Carlos Ghosn has led the companyÂ’s expansion into the EV market and invested nearly $5B into the development of the Nissan Leaf. Ghosn made his intentions clear last year that he wanted to divest from the battery business and that Nissan would instead, “rely more and more on batteries by existing suppliers.” The company purchasing the battery division, GSR Capital, primarily invests in early and growth stage companies. This would be their largest investment by a significant amount, but other investments by the company have included electronic and charging manufactures. The companyÂ’s massive entrance into the battery space could potentially create more collaboration between their portfolio companies and give them greater exposure in the automotive sector. Sonny Wu, Chairman of GSR Capital (Photo: Fortune) “We plan to further invest in R&D, expand existing production capacity in the U.S., UK and Japan, and also establish new facilities in China and Europe, enabling us to better serve customers around the world. With these capabilities and plans added to the battery businessÂ’ already skilled workforce, high technical capabilities and proven product-quality track record, we will be in a very good position for growth,” said Sunny Wu, Chairman of GSR Capital Nissan is facilitating the transaction for AESCÂ’s joint-partnership between Nissan, NEC, and NECÂ’s subsidiary NEC Energy Devices. The sale is expected to close by December 2017, the value of the acquisition is unclear. SourceÂ
×
×
  • Create New...

Important Information

Terms of Service Confirmation Terms of Use Privacy Policy Guidelines We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.