Russian and China Cooperate on Production of Ultra-capacity Lithium-ion Batteries
USNANO CEO and Shaoping Lu, Managing Director of Thunder Sky Group Limited (China) have signed and an agreement to establish the first Russian production of ultra-capacity lithium-ion batteries.
RUSNANO and Thunder Sky Group Limited will establish in Russia the joint company Lithium-Ion Technology to implement the joint project. The total budget of the project is estimated at 13.580 billion rubles. RUSNANO will invest 2.090 billion rubles in cash in project’s equity and provide a loan of 5.500 billion rubles. Thunder Sky Group Limited will invest 2.090 billion rubles in cash, technologies and the intellectual property in project’s equity and provide a loan of 3.900 billion rubles
“This is a remarkable example of cooperation between Russia and China in the science and technology field. The project will help transfer and develop the world’s latest technology in Russia”, notes RUSNANO Managing Director Sergey Polikarpov.
The Russian plant will produce batteries which will be primarily used in electric buses and minibuses. The batteries will also be used in uninterrupted power supply units in IT, telecommunications and renewable energy.
Category: Battery News
