Nissan wants to sell its battery stake
 

Nissan Motors is in talks with Panasonic and others over its controlling stake in a car battery manufacturing venture, sources said.

With the expected rise of electric cars, battery production has become rather important so the news that Nissan wants out is rather surprising. It holds a 51 percent stake in Automotive Energy Supply Corporation, which makes lithium-ion batteries for electric vehicles.

The Nikkei Daily said Nissan was looking to sell the company because it would be cheaper to buy batteries for its electric vehicles including its Leaf model from other makers. It looks like that eveyone wants a slice of the action and competition to supply batteries for electric vehicles is heating up.

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