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Renault-Nissan in China EVs joint venture

Mon, 09/04/2017 - 10:37 -- News Editor
Renault-Nissan in China EVs joint venture

Renault-Nissan have inked a joint venture deal with the Dongfeng Motor Group Co., Ltd., to co-develop and sell electric vehicles (EVs) in China.

However, the firms are being tight-lipped about where batteries for the new enterprise – eGT New Energy Automotive Co., Ltd., (eGT) – will be produced.

 

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Chinese firm joins Nissan battery buyout deal

Wed, 08/30/2017 - 10:20 -- News Editor
Chinese firm joins Nissan battery buyout deal

A Chinese lithium battery manufacturer is chipping in up to $100 million to join the takeover of Nissan’s battery business by Chinese private equity firm GSR Capital Advisors.

Zhejiang Unifull Industrial Fibre said in a stock exchange filing it had signed a framework agreement with GSR Capital to become a partner in funding the Nissan deal, which Nissan confirmed earlier this month.

 

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China battery materials site plan

Wed, 08/23/2017 - 11:55 -- News Editor
China battery materials site plan

A Chinese company has announced plans to build an anode materials production base for lithium-ion batteries in Inner Mongolia.

Ningbo Shanshan Co., Ltd said its New Materials Technology subsidiary had proposed the facility in Baotou, at an estimated investment cost of CNY3.8 billion (around $570m).

 

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Aquion ‘reborn’ under China-linked JV

Mon, 08/14/2017 - 12:07 -- News Editor
Aquion ‘reborn’ under China-linked JV

Sodium-ion batteries manufacturer Aquion Energy is back in operation – under new ownership and with a new name – after emerging from Chapter 11 bankruptcy in the US.

Aquion, now known as AEI Winddown, has been acquired in a bankruptcy auction by “a majority-American joint venture” for what Bloomberg said was $9.16 million.

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Strong stop-start battery shipments boost JCI sales

Tue, 08/08/2017 - 10:43 -- News Editor
Strong stop-start battery shipments boost JCI sales

Strong shipments of stop-start batteries boosted Johnson Controls International’s performance in its fiscal third quarter.

Adjusted earnings before interest and taxes for the US tech giant’s Power Solutions division, which includes the lead-acid battery recycling business, rose 8.6% to $304 million for the three months to June 30 from $280 million in Q3 2016.

 

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Warning of overcapacity in China

Mon, 08/07/2017 - 10:12 -- News Editor
Warning of overcapacity in China

China’s automotive battery manufacturers face “a saturated market” in the next couple years, according to the China Daily newspaper.

“The Chinese power battery sector entered overcapacity status in 2016, and will be more excessive in 2018 or 2019,” said Zhang Junyi, partner of Nio Capital, an investment firm with links to electric vehicle company NextEV.

 

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China - private teams up military research to develop Li-ion batteries

Wed, 08/02/2017 - 10:26 -- News Editor
China - private teams up military research to develop Li-ion batteries

Zhejiang Unifull Industrial Fibre Co Ltd, a Chinese lithium batteries manufacturer, said its subsidiary has signed a strategic cooperation framework agreement with one nationally owned aerospace company to make lithium batteries.

Unifull’s unit, Jiangsu ZhiHang New Energy (ZHNE), a Chinese high-tech company designs and produces lithium battery products, will work with a research institution of China Aerospace Science and Technology Corporation (CASC) to develop automotive battery systems for the market.

 

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China - private teams up military research to develop Li-ion batteries

Fri, 07/28/2017 - 12:09 -- News Editor
China - private teams up military research to develop Li-ion batteries

Zhejiang Unifull Industrial Fibre Co Ltd, a Chinese lithium batteries manufacturer, said its subsidiary has signed a strategic cooperation framework agreement with one nationally owned aerospace company to make lithium batteries.

Unifull’s unit, Jiangsu ZhiHang New Energy (ZHNE), a Chinese high-tech company designs and produces lithium battery products, will work with a research institution of China Aerospace Science and Technology Corporation (CASC) to develop automotive battery systems for the market.

In the joint development, CASC will be responsible for the production of battery packs and battery management systems, whilst ZHNE manufactures lithium-ion batteries.

This two-year agreement aims to establish the purchase-supply relationship between the companies, which eye on the applications in terms of industry, agriculture, traffic, transportation, and national defence.

Unifull said combining CASC’s solid scientific research strength and technological reserve with ZHNE’s financial asset and market influence is building a “benign” model of the military-civilian businesses integration.

However, there are concerns warning the industry the overcapacity of automotive battery may led to a sharp drop in price, while the new energy vehicles policy of the Chinese government falls short.

 

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China ‘plans Li-S research base’

Wed, 07/26/2017 - 15:37 -- News Editor
China ‘plans Li-S research base’

A lithium-sulfur battery “industrial base” is reportedly planned for construction in Shenzhen, China.

The complex could see a ramping up of battery production to a “large scale” after three to five years, according to the Chongqing Daily.

 

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Chinese storage capacity up 72%

Mon, 07/24/2017 - 09:31 -- News Editor
Chinese storage capacity up 72%

China’s domestic electrochemical storage capacity increased by 72% to 243 megawatts in 2016 compared to the previous year, according to a new report from the non-profit China Energy Storage Alliance (CNESA).

The CNESA’s white paper on the national and global energy storage market, published in English for the first time, said the lion’s share of newly-operating electrochemical ESPs in China last year used lithium-ion (62%) compared to 37% using lead-acid batteries.

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