July 2018, Nissan Motor Co. ("Nissan") called off a potential $1 billion sales of its battery unit, Automotive Energy Supply Corporation ("AESC").
On 3 August 2018, Nissan entered into a definitive agreement to sell 75% stake of the above-mentioned business unit to the owner of Envision Energy International ("Envision"), Lei Zhang ("Zhang").
However, there are questions concerning the funding of the deal, which partially came out of the proceed of a $300 million bonds issued by Envision Energy International.