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Chinese private equity firm GSR to pay US$1b to buy Nissan's battery business

Friday, August 11, 2017 - 05:50

Hong Kong

NISSAN Motor Co is selling its battery business to Chinese private equity firm GSR Capital for about US$1 billion, a person with knowledge of the matter said, as the Japanese carmaker seeks ways to improve competitiveness of its Leaf electric cars while reining in costs.

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