Swiss battery manufacturer Leclanché and China-based battery manufacturer Zhejiang Narada Power Source have announced a strategic partnership to manufacture and develop lithium-ion battery technology for the Chinese and global markets.
Narada aims to achieve low-cost, scale manufacturing of Leclanché’s proprietary high-cycling and fast-charging lithium titanate (LTO) and high-energy-density graphite nickel manganese cobalt (G-NMC) battery technologies.
Narada plans to manufacture both G-NMC and LTO at its facilities in Hangzhou, China, including a 2.5 GWh fabrication plant scheduled to open in 2017. Narada will also make an equity investment in Leclanché.
The companies hope the fast-charging and high-cycle capabilities of LTO technology will allow them to grab a significant share of China’s huge electric bus market.
“This alliance positions Leclanché and Narada for worldwide leadership in the energy storage market,” said Anil Srivastava, CEO of Leclanché. “The alliance will cover the broadest range of battery technologies and systems integration expertise to deliver a full range of energy storage applications across stationary, transport and commercial & industrial markets.”