NEC Corporation announced today that NEC has determined to transfer (i) all shares of NEC Energy Devices, Ltd. ("NEC Energy Devices") owned by NEC to Envision Electrodes Corporation Ltd ("Company"), a member of Envision Group ("Envision"), a renewable energy company, and (ii) all shares of Automotive Energy Supply Corporation ("AESC") owned by NEC and NEC Energy Devices to Nissan Motor Co., Ltd. ("Nissan"), thereby enabling Nissan to transfer all shares of AESC to Envision.
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