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
Add BT as a preferred sourceBeijing
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.
TRENDING NOW
Think twice about rebuilding that old landed property into a super-big house to max out GFA
SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’
