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Chinese lead-acid player ‘eyes Asian expansion’

Mon, 03/12/2018 - 12:50 -- Xuan Zhong
Chinese lead-acid player ‘eyes Asian expansion’

Chinese lead-acid battery manufacturer Tianneng has reportedly set its sights on expanding production capacity to another country in southern or southeast Asia— while stepping up domestic capacity by 20% this year to meet electric vehicle demand.

According to Reuters, the company wants to capitalise on increasing demand for batteries to power electric scooters and cars in the region. Tianneng is considering setting up a plant “with an annual production capacity of at least 100,000 tonnes” in countries such as Vietnam, Thailand, Malaysia, Pakistan and Bangladesh, according to the news agency.

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