Japan Wants Nissan-NEC Venture to Buy Sony Battery Operations
A Japanese state-backed fund wants a Nissan Motor Co Ltd and NEC Corp joint venture to buy Sony Corp’s lithium-ion battery unit to prevent rivals in China and Taiwan from getting its technology as the Tokyo TV maker looks to offload non-core businesses, the Daily Yomiuri said.
The Bravia TV maker’s shares rose as much as 6.9 percent in Tokyo after the report. The company declined to comment.
Sony, which last year sold its chemical business to the government fund, Innovation Network Corp of Japan (INCJ)