The new JV, Zhejiang Wanxiang Ener1 Power System, will initially oversee fulfilling existing contracts with state grid.
The projects include supplying lithium-ion battery systems for a pure electric bus project for the city of Qingdao, a pure electric car project for the city of Hangzhou, as well as a grid energy storage system.
The companies said the JV is expected to deliver annual cell manufacturing capacity of 300 million Ampere hours (about 40,000 electric vehicle battery packs) annually by 2014.
As capacity rises, the JV will work with other existing customers, such as SAIC Motor, Dongfeng Motor, Faw Haima Motor, Chang’an Automobile, Guangzhou Automobile and Yutong.
US-based Ener1 is an energy storage technology company that develops compact, lithium-ion-powered battery solutions for the transportation, utility grid and industrial electronics markets.
