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Camel

Nissan battery unit sale off as Chinese ‘fail to raise funds'

Tue, 07/10/2018 - 12:07 -- Xuan Zhong
Nissan battery unit sale off as Chinese ‘fail to raise funds'

Nissan has called off the sale of its batteries business to Chinese private equity firm GSR Capital, saying the buyer failed to raise the cash required.

A number of Chinese firms including lithium manufacturer Zhejiang Unifull Industrial Fibreand lead-acid battery maker Camel had said they would join GSR in the reported $1 billion acquisition of Nissan subsidiary Automotive Energy Supply Corp and manufacturing operations in Japan, the UK and US.

 

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Camel to expand lead recycling

Thu, 06/21/2018 - 09:40 -- Xuan Zhong
Camel to expand lead recycling

Chinese battery maker the Camel Group has announced plans to boost investment in lead-acid recycling over the next three years.

The company said in a Shanghai Stock Exchange announcement it is set to spend CNY1.5 billion ($234 million) on building three recycling and production sites— one in the eastern Anhui Province and the others in the northeast and southwest of the country.

 

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Camel in China battery plant talks with Croatian start-up Rimac

Mon, 03/26/2018 - 20:06 -- John Shepherd
Camel in China battery plant talks with Croatian start-up Rimac

Croatian EV batteries start-up Rimac Automobil is set to race into the battery manufacturing fast lane in a multi-million-dollar deal with Camel, one of China’s leading lead-acid firms, BBB has confirmed.

A spokesperson for Zagreb-based Rimac told BBB negotiations are under way but declined to give details.

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China’s Camel invests in Li-battery recycling pilot

Mon, 03/19/2018 - 11:55 -- Xuan Zhong
China’s Camel invests in Li-battery recycling pilot

Chinese lead-acid battery giant Camel is to build a pilot lithium-ion battery recycling and anode material production plant in Central China.

Camel said plans for the CNY5 billion ($791 million) facility is part of a “framework agreement”, signed with Hubei Province’s Gucheng County government, to create an industrial park for recycling and “cascade utilisation” of used lithium-ion batteries from electric vehicles, as well as the regeneration of battery materials.

 

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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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Camel takes on silicon-graphene tech with US laboratory

Fri, 10/16/2015 - 12:43 -- Paul Crompton
Camel takes on silicon-graphene tech with US laboratory

Chinese battery maker Camel has signed an agreement with a US lithium battery company to commercialise a silicon-graphene material for use in making high-capacity anodes.

The deal with the California Lithium Battery Company (CalBattery) in Los Angeles was signed after a licensing agreement with developers at the Argonne Laboratory in Chicago in 2012.

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Global lead consumption growth forecasts revised down on falling Chinese battery demand

Mon, 09/22/2014 - 16:47 -- Editor
lead-acid battery manufacturer in China

Global lead consumption will grow less than expected due to a slowdown in demand from Chinese lead-acid battery manufacturers, according to the Economist Intelligence Unit (EIU).

The EIU sees global lead consumption at 3.1% in 2014/15, down from an earlier estimate of 3.6%, primarily due to China continuing to destock lead battery supplies, emission monitoring is tightened and further outdated capacity is closed.

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Chinese battery maker Camel acquires Apollo Battery

Wed, 08/06/2014 - 10:04 -- Laura Varriale
Apollo Battery

Chinese battery company Camel Group has bought Yangzhou-based Apollo Battery for Rmb220m ($355.98m).

The company acquired 100% of the company from two Australian shareholders, Oriental Technologies and Indeveno Industrial Supply.

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