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Who Owns the AESC Battery?

Published in Battery Ownership 3 mins read

AESC (Automotive Energy Supply Corporation) is currently owned by Envision Group, a prominent global green technology company headquartered in China. Specifically, Envision Energy functions as the parent organization overseeing AESC.

Understanding AESC's Ownership Journey

AESC, a leading manufacturer of lithium-ion batteries for electric vehicles (EVs) and energy storage systems, has undergone a significant ownership evolution.

  • Inception: AESC was initially established in 2007 as a joint venture between Nissan Motor Co. and NEC Corporation. Its primary mission was to supply advanced lithium-ion batteries for Nissan's electric vehicle lineup, most notably the groundbreaking Nissan Leaf. This collaboration was pivotal in the early adoption of electric vehicles globally.

  • Acquisition by Envision Group: In 2018, Nissan announced the strategic sale of its entire stake in AESC to Envision Group. This acquisition marked a pivotal moment for AESC, integrating it into Envision Group's broader portfolio focused on sustainable technologies. Following this acquisition, Envision Energy, a key subsidiary of Envision Group, officially assumed the role of AESC's parent organization, aligning its battery manufacturing capabilities with Envision's comprehensive smart energy ecosystem.

Envision Group's Vision and AESC's Strategic Role

Envision Group is dedicated to pioneering a sustainable future through technological innovation, with core businesses spanning wind energy, energy storage, and Artificial Intelligence of Things (AIoT) platforms. The integration of AESC perfectly aligns with and significantly strengthens this vision:

  • Synergy in Green Technology: AESC's advanced battery technology is a critical component in Envision Group's holistic approach to energy solutions. This includes everything from renewable energy generation (like wind turbines) to grid-scale energy storage and intelligent EV charging infrastructure.
  • Global Manufacturing Expansion: Under Envision Group's ownership, AESC has embarked on an ambitious global expansion strategy. The company is actively establishing new Gigafactories in key regions such as the United States, United Kingdom, France, and Japan. These state-of-the-art facilities are instrumental in meeting the accelerating global demand for high-performance EV batteries and energy storage solutions.

What Does AESC Produce?

AESC is at the forefront of battery innovation, committed to developing high-performance, safe, and cost-effective battery solutions for a wide range of applications.

  • Primary Offerings:
    • Electric Vehicle Batteries: AESC supplies advanced lithium-ion battery cells and modules to various leading electric vehicle manufacturers worldwide, contributing to the shift towards sustainable transportation.
    • Energy Storage Systems (ESS): Beyond EVs, AESC's battery solutions are crucial for grid-scale energy storage, enabling the efficient integration and stabilization of renewable energy sources onto national grids.
  • Technological Focus: The company places a strong emphasis on continuous improvement in battery technology, focusing on:
    • Longevity: Designing batteries for extended lifespans, crucial for both vehicles and stationary storage.
    • Safety: Implementing rigorous safety protocols and designs to ensure reliable operation.
    • Energy Density: Enhancing the amount of energy stored per unit of volume or weight, improving EV range and storage efficiency.
    • Chemistry Advancements: Utilizing advanced chemistries like Nickel Manganese Cobalt (NMC) and actively researching next-generation battery technologies.

Key Ownership Milestones

Year Event Details
2007 Formation Established as a joint venture between Nissan Motor Co. and NEC Corporation.
2018 Acquisition Nissan sells its controlling stake in AESC to Envision Group. Envision Energy assumes the role as the parent organization for AESC.
2019-Present Global Expansion Under Envision Group's ownership, AESC significantly expands its global manufacturing footprint with new Gigafactories.