On March 13, China's leading battery company BYD announced it was creating a factory that when running at full capacity would be able to
Panasonic is going to invest JPY50 billion, which is about CNY2.7 billion, to build an electric car battery factory in China.
Panasonic reportedly plans to close its Beijing factory which makes lithium batteries for laptops and smartphones.
Terry Gou, chairman of Hon Hai Group, announced that the company will invest over CNY5 billion in Shanxi to develop the electric car industry.
LG Chem, one of the largest chemical companies in South Korea, is considering building an electric car battery plant in China.
California-based electric vehicle and battery developer Balqon Corporation has entered into a joint development agreement with Sichuan Automobile Industry Company Ltd. to manufacture city