It's no big surprise, but it is a big deal, financially speaking, at around $988 million according to the Nikkei Asian Review. GSR could move some of AESC's manufacturing to its home province of Hubei, where it would be better positioned to take advantage of China's green-vehicle initiatives and growing EV market. Nissan is also in talks to sell its US and UK manufacturing facilities to GSR.
As for Nissan, it's possible it will still source some batteries from AESC, but it might be cheaper to buy them from someone else. Some signs point to LG Chem as a possible supplier for future electric vehicles, too. Nissan's partner Renault has been working with LG Chem for years now. Inside EVs points to Nissan working with LG on the IDS Concept and friendly words from Carlos Ghosn as other indicators.