The partners plan to initially invest a combined USD2.64bn to build a facility with a production capacity of 21 gigawatt hours (GWh) of batteries per year for commercial and industrial vehicle applications.
The company this week presents its BP95E battery as it makes its European bus debut at Busworld Europe (7 – 12 October in Brussels), stand number 775 – Hall 7.
The JV aims to manufacture battery cells for commercial electric vehicles at a 21-gigawatt hour (GWh) factory that is anticipated to cost between USD 2-3 billion. The emphasis is on pioneering better battery chemistries that last longer, are safer, lower in cost and are more environmentally sustainable, preferably without the need for nickel and cobalt raw materials.