Li-ion maker Boston Power secures US$290M from two local Chinese governments for expansion
Green Car Congress
DECEMBER 22, 2014
The company’s Tianjin facility will grow its capacity to 4GW by 2017, and is expected to reach 8 GWh in manufacturing capacity by 2018. China’s EV market is expected to reach US$35 billion by 2020, with demand for high-end lithium-ion batteries hitting 100 GWh. —Sonny Wu, chairman of Boston Power.
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