Slashdot Mirror

← Back to Stories (view on slashdot.org)

Nissan Won't Build Its Own Electric Car Batteries Anymore (cnet.com)

Posted by msmash on from the giving-up dept.

An anonymous reader shares a report: Balancing every single task by oneself, instead of getting some help, can break a person down in record time. That's likely why Nissan has decided to step away from manufacturing batteries for its electric vehicles. Nissan announced on Tuesday that it would sell its battery-manufacturing subsidiary, Automotive Energy Supply Corporation (AESC), to the Chinese investment firm GSR Capital. "This is a win-win for AESC and Nissan. It enables AESC to utilize GSR's wide networks and proactive investment to expand its customer base and further increase its competitiveness," said Hiroto Saikawa, president and CEO of Nissan, in a statement. "In turn, this will further enhance Nissan's EV competitiveness. AESC will remain a very important partner for Nissan as we deepen our focus on designing and producing market-leading electric vehicles."

2 of 132 comments (clear)

  1. this is why Tesla is going to be HUGE quickly by WindBourne · · Score: 3, Interesting

    Seriously, they control their own future and have the ability to drop costs relative to others.
    OTOH, companies like Nissan, GM, Ford, etc that do NOT build their own plants will not be able to compete against Germans (who are late to the game, but getting there), the Chinese (who will learn how to properly make cars, but at this time, only a fool would buy), and Tesla.

    --
    I prefer the "u" in honour as it seems to be missing these days.
    1. Re:this is why Tesla is going to be HUGE quickly by Anonymous Coward · · Score: 4, Interesting

      These type of batteries are going to be a low margin commodity.

      In the meantime, Tesla is burning through cash for its operations. It just issued bonds that being rated in the low Bs.

      It has two more years to get market share and after that, the big boys are coming in at full strength.

      Tesla's future is hardly a guaranteed success. But, Tesla's stock doesn't trade on fundamentals: just pie-in-the-sky dreams. Dreams created by Elon's publicist. It's amazing how techies who can be so skeptical and rational throw it all away when it comes to the cult of Musk.

      It's exactly how religious people think - hence the use of the word cult.