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China-US firms invest in Beijing batteries project

Wed, 09/20/2017 - 10:21 -- News Editor
China-US firms invest in Beijing batteries project

Chinese carmaker BAIC Group and US-owned Chinese battery firm Funeng Technology (Ganzhou) are to invest a total of CNY10 billion ($1.2bn) to launch a batteries plant for new energy vehicles in Shunyi, Bejing.

The Shunyi district government said it has given the go-ahead for BAIC and Funeng to manufacture battery cells and battery packs with an annual production capacity of 8GWh.

 

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