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Foxconn ‘plans major Li battery investments’ in China

Fri, 07/07/2017 - 11:27 -- News Editor
Foxconn ‘plans major Li battery investments’ in China

Taiwan-based electronics manufacturer Foxconn is reportedly planning to invest a total of CNY25 billion ($3.7 billion) in several projects as part of the development of a new energy battery R&D centre and production base in Kunshan, in China’s Jiangsu Province.

China’s state Xinhua News Agency said CNY8 billion ($1.2 billion) will be invested in the first phase, as agreed in a strategic cooperation agreement the company signed with the Kunshan government.

 

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BAIC ‘in batteries purchase deal’

Wed, 07/05/2017 - 12:47 -- News Editor
BAIC ‘in batteries purchase deal’

China’s automaker BAIC BJEV is set to purchase 80,000 automotive batteries, worth a total of CNY3.7 billion ($541.6 million), from renewable battery system supplier Pride by the end of this year, according to Chinese media.

Sohu reported that Pride, a wholly-owned subsidiary of Guangdong Dongfang Precision Science & Technology, a China-based printing machine maker, has signed a strategic procurement contract for 2017 with the leading new energy vehicle manufacturer.

 

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China firm to build Gigafactory in $1.3 billion energy base agreement

Tue, 11/22/2016 - 11:00 -- Xuan Zhong

A Chinese firm intends to invest ¥3 billion ($438million) in lithium-ion battery production in the country’s Xiangyang Yicheng city as it bids to build up its new energy industry base.

Battery manufacture Dynavolt Renewable Energy Technology has signed a contract with the city’s government to construct a plant with an annual lithium-ion battery output of 5GWh as well as research projects.

Picture: from left: Yuewu Chen, Chairman of Dynavolt Tech. Jun Qin, Mayor of Xiangyang.

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