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energy vehicles

Chinese lead player Sacred Sun puts big money into lithium

Mon, 10/31/2016 - 15:50 -- Xuan Zhong

As Chinese interest in the burgeoning domestic new-energy vehicles and energy storage business hots up, one of the major lead-acid battery manufacturers in China, Sacred Sun announced recently it has put aside 0.85billion RMB (US$125M) for acquisitions and mergers with appropriate companies in the lithium ion supply chain.

The first investments are in SHIHLIEN APEX Huai’an and Yancheng (Jiangsu Province) Co. Ltd.—businesses which were founded in 2012.  Their main activity is in motive power lithium ion battery manufacture. The current production capacity is 150 million Ah/year.

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