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ElringKlinger and Chengfei Integration Technology conclude framework agreement on joint venture for battery technology

ElringKlinger AG has reached an agreement with Sichuan Chengfei Integration Technology Co., Ltd. (CITC), China, outlining the companies' collaboration within the area of battery technology. A framework agreement covering the terms of the joint venture was signed by the partner companies on November 24, 2017. The agreement initially runs for a period of ten years up to December 31, 2027. The framework agreement stipulates the establishment of a joint venture entity for the development, production and distribution of lithium-ion battery modules for the global automotive market. In this context, the focus is on international e-mobility projects in Asia, Europe and the United States.

www.elringklinger.com/en/investor-relations/releases...

Exhibitor: ElringKlinger AG

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BAE Batterien GmbH
Booth number: W6-21-02