Johnson Controls - Saft Advanced Power Solutions (JCS) today announced that the company has signed a letter of intent (LOI) with a major vehicle manufacturer to supply lithium-ion (Li-Ion) batteries. The LOI is for the development phase, which is expected to lead to volume production for a late 2008 model year vehicle.
"This program positions the JCS joint venture as the leading manufacturer of lithium-ion batteries for the next generation of alternative powertrain vehicles." said Johnson Controls' Vice President and General Manager of the company's hybrid battery business, Alan Mumby, who also leads the JCS joint venture.
An investment in the range of $15-$20 million will be made for the production of lithium batteries. "The JCS investment will enable capacity to be easily augmented, with minimal additional expenditures, as demand increases," said Mumby. This will be the first JCS European HEV lithium-ion battery manufacturing plant.
Lien: The Energy Blog: Johnson Controls-Saft to Develop Li-ion Batteries for a Major Vehicle Manufacturer.
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