There has been a growth in demand in the battery production sector due to the increasing shift towards electric vehicles. Several investments are being made in this space. Apart from its bid for AESC, GSR has made many investments in alternative energy sources and electric vehicles. Panasonic, which had earlier discussed the battery subsidiary sale with Nissan, stated that it was currently not looking at the acquisition of a battery production company as it did not find it viable.
According to a report by Bloomberg, after reporting a 28% sales decline in April, Nissan is again expected to report a decline in June. Analysts blame this drop on increased incentive spending and discounted rental fleet deliveries.