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PT Garda Persada

UltraCharge targets military with pouch cells joint venture

Fri, 06/22/2018 - 09:32 -- Xuan Zhong
UltraCharge targets military with pouch cells joint venture

Israel-based lithium and flow battery developer UltraCharge is set to jointly manufacture its high voltage lithium-ion battery pouch cells in Indonesia with domestic lead-acid firm PT Garda Persada.

Under the terms of the deal, Australia-listed UltraCharge will also market and distribute the pouch batteries with Persada— which will hold a 70% stake in the joint venture.

 

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