Boston-Power, a supplier of lithium-ion battery cells, modules and systems, has signed a deal with Beijing Electric Vehicle Company (BJEV), the electric vehicle (EV) division of Beijing Automotive Industry (BAIC), to provide battery systems.
As per the agreement, Boston-Power's battery systems lithium ion batteries will be used to power BAIC's new C70 electric sedan, which is scheduled to be launched for the Chinese market this year.
Initially, the Chinese carmaker is planning to produce hundreds of EVs, based on the Saab 9-5 chassis, with further production to thousands in 2014.
Boston-Power is currently building a new battery manufacturing facility near Shanghai, which it is expecting to complete this year and will be capable of manufacturing 15,000 battery packs per year with 400 megawatt-hours of storage capacity.
The company is also building a new R&D and EV battery engineering facility in China, which is expected to assist it in developing new energy storage products and solutions.
