continental bets on 'mild hybrid' batteries in jv with china's citc - 3.7 volt lithium ion battery

FRANKFURT (Reuters)-
Continental Corporation of Germany (CONG. DE)
Has agreed to form a joint venture with China CITC Co. , Ltd. to produce so-
The hybrid battery, known as the "mild", adds some power to the existing gasoline model without an expensive redesign.
Mainland holding 60%, and the rest of the new joint ventures owned by Sichuan Chengfei Integration Technology (CITC)
Will initially produce 48-
Volt Battery Systems, headquartered in Changzhou, near Shanghai, aims to open a second production line in Europe at a later stage.
"Enter 48-
Volt battery system business. . .
Will further strengthen our role as a system provider in fast-
Continental European Chief Executive Elmar Degenhart said in a statement on Wednesday.
Automakers struggle between carbon emissions restrictions and falling fuel sales
High efficiency diesel is looking for 48-
Volt hybrid as a quick solution.
Including Valeo (VLOF. PA)and Delphi (DLPH. N)
And automobile manufacturers such as PSA Group (PEUP. PA)and Daimler (DAIGn. DE)
This trend has been accepted.
Continental Airlines says it is still considering improving
Voltage system based on solid
A spokesman said the national battery company will now insist on making more progress in this area.
Competitor Robert BoschROBG. UL]
The world's largest auto supplier decided last month not to produce its own high
Said the investment risk is too big.
CITC through its subsidiary CALB (
China Aviation Lithium Battery Co. , Ltd. , Ltd. )
Will contribute their knowledge
How to produce lithium
According to a statement from the mainland, ion batteries can better enter the Chinese market.
Continental Airlines says 48-
The Volt system provides features previously reserved for higher levels that are more expensive
Voltage systems such as taxiing, rapid engine start-up, and braking energy recovery.