Nissan cancels potential $1b sale of battery business to China’s GSR Capital

Visitors are reflected in a Nissan Motors' vehicle at the company's global headquarters in Yokohama, south of Tokyo March 30, 2010. REUTERS/Issei Kato/File Photo

Nissan Motor Co has cancelled a potential $1 billion sale of its electric battery business to GSR Capital, citing a lack of funds with the Chinese investment firm to make the purchase.

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