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Envision investment deal for 'advanced' China NCM plant

Mon, 01/07/2019 - 00:00 -- John Shepherd

Shanghai-based energy group Envision has confirmed plans to build "the world's most advanced" nickel-cobalt-manganese (NCM 811) battery production line as part of an investment and cooperation agreement with US-based investment firm Sequoia Capital.

Envision, which agreed a deal to become the majority owner of Nissan’s international lithium-ion batteries business in 2018, said the manufacturing facility in Wuxi, in China's Jiangsu Province, will produce "high-safety, high-energy density and high-endurance power batteries" with an eventual annual production capacity of some 20 gigawatt-hours.

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