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Samsung SDI starts construction of battery factory in China

Wed, 08/20/2014 - 11:12 -- Editor
Samsung battery manufacturing

Samsung SDI broke ground on August 18 on a lithium-ion battery factory in the Chinese city of Xian.

The factory will be operational by October 2015 and produce some 40,000 units of battery cells annually to equip electric cars, the company said in a statement.

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Shunfeng buys 30% of Powin Energy

Thu, 08/14/2014 - 14:26 -- Laura Varriale
Powin Energy ESS

Chinese solar power supplier Shunfeng has bought 30% in stake of US-based Powin Energy for $25m through its fully owned subsidiary SF Suntech.

Powin Energy developed a 5MW lithium-ion energy storage system (ESS) with charging/discharging rates of more than 80% for grid-level, commercial and transportation applications and aims to install it at large-scale power plants. "This is an important milestone for Powin Energy Corporation in that it will provide us with capital and a partner to help implement our growth strategy," said Joseph Lu, president and chief executive officer of Powin Energy. The agreement will be used for further developments of the company’s ESS.

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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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China draws up hitlist of 39 lead-acid battery makers

Wed, 07/30/2014 - 10:32 -- Laura Varriale
lead-acid battery manufacturer in China

The Chinese government is to close down 39 lead-acid battery makers that are on the list of China’s 2014 Inefficient Capacity Elimination Plan.

The plan, recently released by China’s Ministry of Industry and Information Technology (MIIT), seeks to eliminate 356,000 tonnes of lead, 8.48m kVAh of lead-acid battery polar plates and 5.31m kVAh of lead-acid battery assembling.

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Highpower gets energy storage funding from Shenzhen government

Mon, 07/21/2014 - 16:04 -- Laura Varriale
Highpower ESS

Highpower International has received Rmb3.86m ($622,200) from state funds to develop its PV and off-grid energy storage systems (ESS).

The funds, given by Development and Reform Commission of Shenzhen Municipality, will be mainly spent on development and production equipment in order to accelerate production for Highpower’s residential ESS, the company said.

Highpower’s subsidiary Icon Energy Systems recently introduced an ESS-line, which features a lithium-ion battery, solar cell panel and inverter output device, charged by PV and commercial grid. The product line ranges from 0.5kWh to 15kWh and aims to serve the needs of commercial and residential power systems, solar power, back-up emergency power and outdoor uses.

George Pan, chairman and CEO of Highpower said: “Both central and local governments of China are committed to nurturing and favoring the development of the clean energy industry. We continue to benefit from increasing government support and intend to leverage our expertise and production capability to increase our pipeline of rechargeable battery products.”

The global energy storage market is expected to grow fast over the next years. According to Navigant Research, the micro grid market will increase from $4.3 billion to $19.9 billion in 2020.

Battery supplier Highpower also manufactures consumer-oriented chargers for e-bikes as well as lithium and nickel-metal hydride-based batteries.

China records strong lead-acid, lithium-ion battery growth

Thu, 07/17/2014 - 10:07 -- Laura Varriale
China battery industry

China's lead-acid and lithium-ion battery industries recorded double-digit growth in 2013 while nickel-metal hydride and nickel-cadmium exports fell, according to a report by SinoMarketInsight.

The report, 'China Battery Industry Report 2014-2017', states the yield of lead-acid batteries in China was 205m kVA, 15.4% more than 2012. This is somewhat of a rebound following the 2011 crackdown on what the Chinese government euphemistically called 'backward lead-acid and secondary lead industry production capacities'.

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China approves Toyota-Panasonic nickel metal hydride joint venture

Fri, 07/11/2014 - 15:51 -- Laura Varriale
Toyota EV

China has given a conditional approval for an electric vehicle (EV) nickel metal hydride battery joint venture (JV) between Toyota and Panasonic’s Primearth and two other Toyota units, Hunan Corun and Changhsu Sinogy.

The JV is called Corun PEVE Automotive Battery Co. and it aims to focus on the production of nickel-metal hydride batteries for hybrid cars.

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Honbridge acquires Chinese lithium battery maker Shandong New Energy

Fri, 07/11/2014 - 15:42 -- Laura Varriale
Honbridge

Hong Kong-based metals and minerals investment firm Honbridge has acquired Shandong New Energy, a Chinese lithium battery manufacturer.

The acquistion was enacted via the purchase of 90.68% equity interest in Shandong New Energy's holding company Triumphant Glory Investment. The consideration was HK$634.76m ($81.8m).

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LG Chem to build EV lithium battery plant in Nanjing

Fri, 07/04/2014 - 14:40 -- Editor
LG Chem

LG Chem is to build a factory for the production of lithium-ion batteries for electric vehicles in Nanjing, Jiangsu province, China.

Officials from the South Korean battery maker and Nanjing signed an agreement in Seoul, ahead of Chinese President Xi Jinping’s state visit to Korea.

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Narada to invest $16m in VRLA battery factory in Hubei

Fri, 07/04/2014 - 11:30 -- Editor
Narada VRLA battery

China’s Narada Power Source is to invest 97m yuan ($16m) to build a lead-acid battery plant in Hubei province.

Narada’s subsidiary Wuhan Narada New Energy will build the 10m kVAh new plant in Hubei's Gedian Economic & Technological Development Zone. The factory will primarily manufacture VRLA batteries, as lead-carbon batteries for stop-start vehicle applications.

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