Chery Riich M1 EV
In recent years, China's Chery Automotive has displayed a growing fondness for electric vehicles (EVs). From the company's Riich M1, to the S18, its Tiggo 3 and even the QQ, Chery's focus on delivering EVs to its customer base is really unmatched by any of its Chinese competitors. The company's lineup of EVs, none of which are particularly strong sellers, continues to grow on a regular basis. With Chery's battery-powered focus in mind, it's not at all surprising to learn that the company has formed a joint venture (JV) with BenQ to develop lithium-ion battery technology.
Under terms of the 50:50 JV, Chery and Taiwan-based BenQ Corporation will construct a production plant in Wuhu in east China's Anhui province. Construction will begin in 2011 and, once complete, the facility will produce lithium-ion battery separator films. Before going full-scale, Chery and BenQ plan to construct a laboratory and experimental lines to test the properties of its thermal insulation separators. Monetary terms of the JV have not been released, but we'll update this story if any additional info comes our way.
[Source: Green Car Congress]