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Battery Recycling March 20, 2015 02:25:38 AM

Camel Group to Set up Electric Car Battery Company with Wanyang Group

Paul Ploumis
ScrapMonster Author
China's leading lead -acid battery producer Camel Group recently signed framework contract with Wanyang Group

Camel Group to Set up Electric Car Battery Company with Wanyang Group

BEIJING (SMM): China’s leading lead -acid battery producer Camel Group recently signed framework contract with Wanyang Group Mar. 18 to set up an electric car battery company, according to a statement filed to the Shanghai Stock Exchange.

The company will be engaged in R&D, production, sales, and recycling of lead-acid batteries serving electric automobiles, and the registered capital is planned at 30 million yuan ($4.9 million) with Camel Group claiming 51% and Wanyang Group 49%.

Camel Group said the cooperation with Wanyang will help it capture market share in automobile car market.

Wanyang Group, located in China’s lead producing center Henan province, has a capacity to produce 200,000 tonnes of refined lead and 3.6 million KVAH of lead-acid battery per year.  

Courtesy: www.metal.com

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