Battery maker Johnson Controls is gambling on the stop-start automotive market keeping the lead-acid industry buoyant for the next 20 years.
Joe Walicki, president of power solutions at the US firm, is forecasting that 50% of North America and China, and 60% of Europe’s vehicles will be stop-start by 2020.
US battery giant Johnson Controls is doubling its North American absorbent glass matt production capacity to meet the needs of the stop-start vehicle industry.
The company is investing $245 million between 2016 and 2020 in the move, but it is not known whether the spending will be made in the existing Toledo, Ohio, plant or if a new plant will be built.
Global giant Johnson Controls says it is driving an evolution in stop-start technology— while the rest of us wait for a revolution to happen.
Advanced Market & Technology Strategist Craig Rigby told BBB that the growth of the stop-start market had superseded all expectations, far outweighing the uptake in the electric vehicle (EV) market.
Johnson Controls has confirmed plans to build a new stop-start lead-acid battery manufacturing facility in northeastern China
The US company has signed an investment agreement for a $200 million state-of-the-art plant in the Tiexi District of Shenyang, the capital city of Liaoning Province.
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