German automotive manufacturer Continental has confirmed plans to launch a battery production joint venture with China’s Sichuan Chengfei Integration Technology (CITC).
Continental said the partnership is expected to start producing 48-volt mild hybrid lithium-ion battery systems in China, by the middle of this year, targeting the European, North American and Asian electric vehicle markets.
German automotive supplier Continental is reportedly mulling investments in solid-state battery production in a bid to compete with electric vehicle battery manufacturers in the US and Asia.
CEO Elmar Degenhart (pictured) was quoted as telling German trade publication Automobilwoche: “We could well imagine getting into the production of innovative batteries. That also goes for producing battery cells.”