Wind Turbines Provider Envision Energy's Transaction With Nissan May Be Restrained By A Court Dispute

Envision Energy headquartered in Shanghai provides wind turbines, energy management software, and energy technology services. Envision was founded by Lei Zhang in 2007 in Jiangyin, Jiangsu in the east region of China. Zhang was named Top 10 Chinese innovators in 2014 by China Daily.The company started full operations since 2009.

Nissan Motor Co said on August 3, 2018 it agreed to sell its electric car battery unit to Chinese renewable energy firm Envision Group for an undisclosed sum. But from legal search on file, record from Hong Kong High Court this week shows a legal lawsuit by GSR Electric Vehicle Partners, L.P. against Envision Energy International Ltd.

The court filing requests for injunction against Envision for breaching the Limited Partnership Agreement, and alleging Envision for stealing commercial secrets for the transaction with Nissan. The Court dispute could potentially restrain Envision and/or its officers from completing the transaction with Nissan.

http://www.envision-energy.com

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