RUSSIA’S LIOTECH COULD BECOME GLOBAL CENTRE FOR BATTERIES PRODUCTION
January 1st, 2012
BY EUGENE VOROTNIKOV, IN ST PETERSBURG
A USD$430 million joint Russo-Chinese plant, the world's largest high capacity lithium-ion factory, heralds a new global centre for battery production say its founders.
The plant, Liotech, is a joint venture between China's Thunder Sky Limited and the state-owned Russian Corporation of Nanotechnologies (Rusnano), with Thunder Sky owning 50.1% and Rusnano 49.9%.
Revenue levels of 40 billion rubles (USD$1.3 billion) are being predicted by 2015.
"The plant will be actively increasing its production capacities and if ...
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