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JCI to sell battery business to Chinese suitor?

Mon, 03/19/2018 - 11:13 -- John Shepherd
JCI to sell battery business to Chinese suitor?

Johnson Controls International (JCI), the biggest western player in the global battery market has fuelled speculation that it could be preparing to sell its Power Solutions division— essentially all of its lead-acid and lithium business.

And sources have told BBB the most likely buyer will be a Chinese player— perhaps Camel or Chilwee (also known as Chaowei) who both have the financial muscle to pull off such a deal.

 

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