Published on February 22nd, 2016 | by James Ayre3
Panasonic To Build EV Batteries In China With Dalian Levear Electric Company
February 22nd, 2016 by James Ayre
Originally published on EV Obsession.
A new joint venture between Panasonic Corporation and Dalian Levear Electric Company has been created with the intent to manufacture lithium-ion electric vehicle batteries in China, according to recent reports.
The new joint venture will make use of Panasonic’s technical know-how and Dalian Levear Electric Company’s local knowledge — with the intent being to begin production sometime in 2017, following on the acquisition of support from local authorities.
Considering that Panasonic is still investing heavily into the “Tesla” lithium-ion battery Gigafactory in Nevada, and a number of other similar moves, it seems apparent that the company is betting big on lithium-ion batteries — with the stated aim being for ¥2.1 trillion (~US$18 billion) in sales in the automotive sector in 2019. This figure includes technologies other than just lithium-ion batteries, it should be noted.
Drive an electric car? Complete one of our short surveys for our next electric car report.
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.