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PJSC Saturn

Loan to kick-start ‘mass production’ of Li batteries in Russia

Mon, 12/17/2018 - 00:00 -- John Shepherd
Vasiliy Shvets

A state-backed Russian investment agency is to help finance the launch of commercial lithium-ion battery production in the country.

The Industrial Development Fund (IDF) is backing plans by engines manufacturer PJSC Saturn to start “mass production” of lithium-ion batteries at its plant in Krasnodar starting in 2020.

The initial aim of the project is to use lithium instead of nickel-cadmium and silver-zinc battery technology for aircraft starter batteries. 

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