Panasonic To Build EV Batteries In China With Dalian Levear Electric Company

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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.

Panasonic logoThe 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.

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James Ayre

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

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