Panasonic Establishes Battery Factory Joint Venture In China
In an effort to stay near the top of the battery maker pack, Panasonic has established a joint venture with Dalian Levear Electric Company in China.
The joint venture will construct a factory and begin making lithium-ion automotive batteries in China starting in 2017.
The press release states:
“The lithium ion batteries will be exported to automakers overseas for use in eco-friendly vehicles such as hybrids and also supplied to automakers assembling domestically in China.”
So, the batteries will be used in plug-ins produced in China and elsewhere around the globe.
The 50-50 joint venture will be called Panasonic Automotive Energy Dalian Company.
There’s no word on production volume at this point in time.