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. The investment is part of the company’s plan for an EV revolution by 2025, which includes building two new factories in China and expanding existing facilities at both facilities. 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.
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.