China's menswear maker swops stitching for lithium batteries
Shanshan aims to be bigger player in market for storing electricity for everything from e-vehicles to laptops
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Beijing
TEN years ago, Ningbo Shanshan Co was primarily a maker of menswear turning out shirts, casual wear and business suits from its base of Ningbo, an industrial hub in China's Zhejiang province. Not any more.
Last week, the company announced that it will spend 3.81 billion yuan (S$781 million) on a new energy storage project in China's northern city of Baotou, bolstering its growing interest in the research, development and manufacture of lithium-ion batteries.
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