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.
Exhibitor: ElringKlinger AG