Nissan has scrapped the $1 billion sale of its electric car battery business to a Chinese investment firm

Hollis Johnson/Business Insider Nissan has scrapped a potential deal to sell its automotive battery business to GSR Capital for $1 billion. The deal was canceled due to the Chinese investment firm's lack of funds. Nissan announced its plans to sell Automotive Energy Supply Corporation last August. AESC is a joint venture between Nissan and NEC Corporation established in 2007 to design and build lithium-ion batteries for EVs like the Nissan Leaf. Nissan Motor has canceled a potential $1 billion s...