Chengfei Integration and ElringKlinger to form lithium battery JVs

Sichuan Chengfei Integration Technology Co. and ElringKlinger AG signed an agreement to set up joint ventures in Germany, the US and China to develop, commercialize and distribute lithium batteries for new-energy vehicles. Each will contribute 50% to the JVs.

“Chengfei Integration said yesterday that it signed an agreement with ElringKlinger to work together to develop, commercialize and distribute lithium batteries and to set up JVs in Germany, the US and China.”yicaiglobal.com

• 1 source
• yicaiglobal.comChinese Auto Parts Firm Chengfei Integration, ElringKlinger Will Set Up Lithium Battery Business JVsDou ShicongNov 28, 2017

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