Anqing Huanxin Group, Samsung SDI to establish EV battery joint venture in Xian  [ China ]

Anqing Huanxin Group Co., Ltd. announced that the company, the Shaanxi Province government, and Samsung SDI have signed a memorandum of understanding to establish an electric vehicle battery factory in Xian, China. The new joint venture is scheduled to be formed at the end of April 2014, to break ground for a new plant in the second half of the same year, and to begin production in 2015. Invest...