Nissan Abandons Battery Business Sale to China Fund

The transcript discusses the collapse of a $1 billion deal between Nissan and GSR due to financial issues. Initially delayed from April to June, the deal failed as GSR couldn't meet financial conditions. Nissan's battery business, started in 2007 with NEC, was initially necessary due to a lack of car battery suppliers. However, market changes and competitive pressures led Nissan to consider selling the business. With the deal's failure, Nissan is evaluating options, including finding another buyer or giving GSR another chance.

How has the market for automotive batteries changed since Nissan's initial joint venture in 2007?

What are Nissan's potential next steps after the aborted deal with GSR?