"Envision AESC is considering a Hong Kong IPO that could raise up to $2 billion, representing a marked departure from the company's previously stated ambition to list in the United States."
"The company was originally formed in 2007 as a joint venture between Nissan Motor and NEC to supply batteries for Nissan's Leaf electric vehicle."
"Envision Group acquired a controlling stake in AESC in 2018, with Nissan retaining a minority position, highlighting the complex ownership and geographic identity of the company."
"AESC's manufacturing footprint spans Japan, the United States, the United Kingdom, and Europe, making it a significant player in the European battery manufacturing landscape despite its Chinese ownership."
Envision AESC, an EV battery manufacturer controlled by China's Envision Group and backed by Singapore's GIC, is contemplating an IPO in Hong Kong. This potential listing could raise up to $2 billion, marking a significant shift from previous intentions to list in the United States. The company, originally a joint venture between Nissan and NEC, has a complex ownership structure and a global manufacturing presence, including facilities in Japan, the US, the UK, and Europe.
Read at TNW | Battery
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