Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
Home » Business » Manufacturing
Tie-up for new energy industries
By Jin Jing |
May 26, 2009, Tuesday
|
Print Edition
Print Edition
CHINA Potevio Co, a domestic information technology equipment manufacturer and service provider, yesterday formed a strategic alliance with the Shanghai government to jointly develop new energy industries.
According to the agreement signed yesterday, China Potevio will set up a new energy base in its Shanghai unit to focus on the production of batteries and the development of lithium iron phosphate materials to boost the rollout of new energy vehicles.
The signing agreement was witnessed by Ai Baojun, deputy mayor of Shanghai, and Xing Wei, the firm's president.
State-owned China Potevio, whose main business covers manufacturing and trading of telecom products, has been striving to be a leading manufacturer and service provider for new energy applications. The Beijing-based giant has set up a new energy division and is giving top priority to core industrial segments such as batteries.
It plans to invest 5 billion yuan (US$733 million) to 8 billion yuan on new energy industries over the next three years to five years and targets more than 10 billion yuan in revenue during the period.
Meanwhile, China Potevio said it would also cooperate with local firms and provide battery leasing and management systems for battery charging stations as part of its participation in the 2010 Shanghai World Expo.
By cooperating with industrial companies like China Potevio, Shanghai will also be able to accelerate its development of new energy vehicles, which include gasoline-battery powered hybrids and other green vehicles.
According to the agreement signed yesterday, China Potevio will set up a new energy base in its Shanghai unit to focus on the production of batteries and the development of lithium iron phosphate materials to boost the rollout of new energy vehicles.
The signing agreement was witnessed by Ai Baojun, deputy mayor of Shanghai, and Xing Wei, the firm's president.
State-owned China Potevio, whose main business covers manufacturing and trading of telecom products, has been striving to be a leading manufacturer and service provider for new energy applications. The Beijing-based giant has set up a new energy division and is giving top priority to core industrial segments such as batteries.
It plans to invest 5 billion yuan (US$733 million) to 8 billion yuan on new energy industries over the next three years to five years and targets more than 10 billion yuan in revenue during the period.
Meanwhile, China Potevio said it would also cooperate with local firms and provide battery leasing and management systems for battery charging stations as part of its participation in the 2010 Shanghai World Expo.
By cooperating with industrial companies like China Potevio, Shanghai will also be able to accelerate its development of new energy vehicles, which include gasoline-battery powered hybrids and other green vehicles.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
