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Chilwee issues profits slump warning over lead 'overcapacity'

One of China’s biggest lead battery manufacturers, the Chilwee Group, has said it expects to see first half-year profits “fall sharply” because of falling prices triggered by “overcapacity” in the domestic lead-acid sector.

Chilwee (also known as Chaowei) said in a Hong Kong Stock Exchange announcement estimated profits would be down in the first half of 2018 compared to the same period a year ago— but the company did not give figures.

Mingming Zhou

Chilwee Group

Chaowei

china

lead-acid

Battery Council International

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.

Chaowei Group to form Na-NiCl battery company with GE

Chinese battery maker Chilwee Group (also known as Chaowei) has created a new company with electronics firm General Electric Company(GE) to bring to market a Na-NiCl battery for energy storage applications.

Chilwee and GE aim to develop the proprietary technology through production, research, and marketing of the so called Zebra Battery, originally developed in the UK.

energy storage applications

Chaowei holds its head up for lead with new tech

Chinese firm Chaowei has put itself up as the flagbearer for the lead-acid battery industry in China with the promise of four new production improvement technologies

The first involves using graphene in battery grids, which chief scientist Dai Guiping says no other firm has done until now.

Chinese people’s choice of four wheels over two will drive E-bike demise

China’s largest battery maker Chaowei has admitted the domestic lead-acid E bike battery market has stopped growing and will only remain stable for the next five years.

While lead-acid remains the main choice for consumers because of cost, the market for E bike batteries as a whole will slow down simply because lithium-ion E bikes won’t factor either.