Nissan Motor Co. is reportedly looking to sell its battery manufacturing operations, with Panasonic Corp. considered the most likely buyer.
Japan’s second-largest automaker has made a major bet on electric vehicles, but, with the market for battery cars running slower than expected, it is seeking to unload its 51% stake in the Automotive Energy Supply Corporation, or AESC, joint venture. The likely buyer, according to a report by the Reuter’s news service is Panasonic, which is the partner in Tesla’s Gigafactory battery plant in Reno, Nevada.
“The report on Nissan and its battery business is speculation and is not based on any announcement by us,” David Reuter, a senior company spokesman, told TheDetroitBureau.com. But he also noted that the maker will “continuously evaluate our business strategy in pursuit of optimal products and business structure.”