Battery JV created
Print Edition
GERMAN auto-parts supplier Continental and Chinese battery manufacturer Sichuan Chengfei Integration Technology Co agreed in Shanghai yesterday to form a joint venture to develop and produce battery systems.
The joint venture, in which Continental holds 60 percent and Sichuan Chengfei Integration Technology Co 40 percent, will develop and produce 48-volt battery systems whose battery cells will be provided by CITC’s subsidiary China Aviation Lithium Battery Co while Continental will manage the battery system.
The joint venture expects to begin operations in mid-2018 and launch its first product in 2020.
48-volt technology is a mild hybrid technology offering higher voltage that allows a car’s electrical system to engage more with its functions, and promises higher savings in fuel use.
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