Saft teams for China EV expansion : Page 2 of 2

April 05, 2019 //By Nick Flaherty
Saft teams for China EV expansion
French battery maker Saft is setting up a joint venture with Tianneng Energy Technology (TET) in China to make lithium ion batteries for electric vehicles.

“We are delighted to start building a long-term partnership with Tianneng with a shared industrial vision,” said Ghislain Lescuyer, CEO of Saft. “This JV will allow us to make a step change and significantly increase our footprint in the Chinese Li-ion market that will represent over 40% of the global demand by 2025 and to develop our worldwide activities.”

TET's owner Tianneng Group is the leading privately-owned Chinese battery manufacturer founded in 1986. It has around 20,000 employees and eight production sites across China.

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