Thunder Sky Battery Ltd., a lithium-ion battery producer, is scheduled to team up with the U.S.-based MVP RV Inc. to spend approximate HK$10 billion ($1 billion U.S.) in total to build an electric-vehicle plant in Hong Kong next year, China Knowledge has reported.
According to Zhong Xin Jia, vice president of the listed firm, at the 25th World Electric Vehicle Symposium and Exposition Symposium and Exhibition held in Shenzhen, Guangdong Province, Thunder Sky Battery will have a rapid business growth in the next 10 years, but he did not disclose the details of the new plant.
MVP RV is located in southern California and mainly manufactures travel trailers, toy haulers and fifth-wheel trailers.
Thunder Sky Battery’s competitive ability is the huge capacity of up to 10,000 ampere-hours in lithium-ion batteries, which need only 20 minutes to be charged up, Zhong added.
In addition, the Hong Kong-listed company is in talks with potential partners to enter the public e-vehicle market in Shenzhen, in which the local government hopes to have 4,000 electrical buses and 6,000 electrical taxis by the end of 2011.