Chinese battery maker Shenzhen Center Power Tech is proposing to transfer part of its lead-acid operations outside China to reduce costs.
The company— also known as Vision— has set its sights on transferring lead battery production from its facility in the Shenzhen Dapeng New District to subsidiaries in Vietnam and central China’s Hubei Province.
South Korean lead-acid battery maker ATLASBX is investing $75 million to open its first manufacturing plant in the US.
Tennessee state governor Bill Haslam confirmed the firm expected to complete construction of the plant in Clarksville, Montgomery Country, by 2020.
Croatian EV batteries start-up Rimac Automobil is set to race into the battery manufacturing fast lane in a multi-million-dollar deal with Camel, one of China’s leading lead-acid firms, BBB has confirmed.
A spokesperson for Zagreb-based Rimac told BBB negotiations are under way but declined to give details.
Aqua Metals, the US lead-acid battery-recycling start-up, is ramping up its commercial fightback by completing its “first24-hour run of continuous operations” of lead production after months of production setbacks.
The company confirmed on 5 March it had completed the move following modifications to its AquaRefining facility in Nevada to resolve a “sticky lead” condition that had hampered production.
Chinese lead-acid battery manufacturer Tianneng has reportedly set its sights on expanding production capacity to another country in southern or southeast Asia— while stepping up domestic capacity by 20% this year to meet electric vehicle demand.
According to Reuters, the company wants to capitalise on increasing demand for batteries to power electric scooters and cars in the region. Tianneng is considering setting up a plant “with an annual production capacity of at least 100,000 tonnes” in countries such as Vietnam, Thailand, Malaysia, Pakistan and Bangladesh, according to the news agency.