Chinese battery makers to build two major US lithium plants in global power play
The partnership is aimed at tapping into the growing demand within the U.S. for off-road and recreational vehicle market.
US-listed Chinese firms Kandi Technologies and CBAK Energy are joining forces to set up two lithium battery production facilities in the United States.
The partnership is aimed at tapping into the growing demand within the U.S. for off-road and recreational vehicle market.
The two companies plan to deliver high energy density battery systems specifically engineered for off-road and powersports applications with the collaboration.
“This collaboration with Kandi reflects our shared vision to globalize advanced battery manufacturing while adapting to the evolving U.S. market,” Zhiguang Hu, CEO of CBAK Energy, said in a release.
“Our expertise in cell design and production will be key to establishing a reliable local supply for emerging off-road and recreational vehicle platforms.”
The collaboration comes at a time of escalating tensions between Washington and Beijing over trade tariffs, with China recently suspending exports of several critical minerals and magnets, in a move that threatens to disrupt global supply.