Leclanché and Narada Power sign strategic global alliance

Leclanché, the vertically integrated energy storage solution company, and Zhejiang Narada Power Source, the global battery manufacturer, announced a strategic partnership for the manufacturing and development of lithium-ion battery technology for the Chinese and global markets.

– Leclanché licenses its lithium-ion cell technologies to battery market leader Narada Power, listed on the Shenzhen Stock Exchange

– Narada to make strategic investment in Leclanché

– Joint manufacturing in China to achieve scale and reduce production costs

– Leclanché will support Narada with technology transfer to achieve low-cost, scale manufacturing of Leclanché’s proprietary high-cycling and fast-charging lithium titanate (LTO) and high energy density graphite nickel manganese cobalt (G-NMC) battery storage technologies.

– Narada will manufacture both G-NMC and LTO at its facilities in Hangzhou, China, including the opening of its new 2.5 GWh fabrication facility in 2017. This will complement manufacturing at Leclanché’s Willstätt, Germany and Yverdon-les-Bains, Switzerland sites, providing scale and more competitive costings to achieve best-in-class global pricing to meet the needs of multiple end-markets – including stationary, microgrid, commercial and industrial and electric vehicle applications.

– Leveraging the fast-charging and high-cycle capabilities of LTO technology, the alliance will aggressively pursue significant market share in China, the largest electric bus market in the world ($4b estimated size according to Navigant Research).

– Narada will make an equity investment in Leclanché alongside licensing for technology transfer.