Johnson Controls (JCI) announced yesterday that it will invest $245m to 2020 in a bid to double its production capacity of electric vehicle (EV) batteries in Europe and build a new battery factory in China. JCI is currently the world’s largest producer of Absorbent Glass Mat (AGM) batteries, which are recognised as market leaders in handling the “stop-start” nature of EVs. The company believes that rising consumer demand and environmental regulations will see up to 50% of cars built in Europen featuring stop-start systems by 2020.
Johnson Controls (JCI) announced yesterday that it will invest $245m to 2020 in a bid to double its production capacity of electric vehicle (EV) batteries in North America and build a new battery factory in China. JCI is currently the world’s largest producer of Absorbent Glass Mat (AGM) batteries, which are recognised as market leaders in handling the “stop-start” nature of EVs. The company believes that rising consumer demand and environmental regulations will see up to 50% of cars built in North American featuring stop-start systems by 2020.