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Continental-CITC JV looks to become global top three 48V battery systems supplier by 2025

SHANGHAI – Continental and Chinese automotive supplier and battery manufacturer Sichuan Chengfei Integration Technology Co., Ltd. (CITC) has established a joint venture through their respective subsidiaries for the development and production of 48V battery systems, and the partners wants it to become one of the top three suppliers in that

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ElringKlinger and Chengfei Integration Technology reach agreement for battery module JV

DETTINGEN/ERMS, Germany – ElringKlinger AG said in a statement on November 27 that it signed a framework agreement with Sichuan Chengfei Integration Technology Co., Ltd. (CITC) on November 24 to establish a joint venture to develop, produce and distribute lithium-ion battery modules for the global automotive market. The agreement initially

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Lithium race: CATL aims to beat Tesla’s Gigafactory by 2020

Tesla received over 400,000 reservations for the Model 3, an electric car that no customer has seen; and the Model 3 will rely on lower battery costs from its Gigafactory. The mass production of Tesla’s lower cost Model 3 has awakened traditional carmakers to the necessity of electrifying their powertrains,

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LeTV to independently develop key EV battery components

BEIJING – LeTV is independently developing key EV battery components including electric motor, electric control, battery module and battery management system as well as systems integration for its upcoming Super Car, according to Fu Zhenxing, vice president of LeTV Super Car in charge of R&D. Fu made the comments at

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