Chinese Ministry Lists Lithium Battery Maker's Power System as a Major Project
Yicai
/SOURCE : Yicai
Chinese Ministry Lists Lithium Battery Maker's Power System as a Major Project

(Yicai Global) June 6 -- China's Ministry of Science and Technology has listed one of Guoxuan High-tech Co.'s [SHE:002074] lithium battery power system research and development plans as a major project.

The Hefei-based firm said in an announcement yesterday that the work of its wholly-owned subsidiary, Heifei Guoxuan High-tech Power Energy Co., on the R&D and integrated application of a secure and energy-dense lithium ion battery system is on the ministry's 2017 national key new-energy vehicle R&D list.  

The company has applied for USD3.14 million (CNY21.33 million) in state funding, which the firm would use to strengthen the program's R&D abilities and boost the competitiveness of its battery systems.

Heifei Guoxuan High-tech Power Energy Co. is dedicated to the research, development and production of lithium iron phosphate batteries and related parts.

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Keywords: Electrical Vehicle , Power Battery , Guoxuan , R&D