South Korean battery-manufacturing equipment company Hanwha Corporation has announced it has secured a KRW22-billion (USD18.7-billion) order from Chinese parts supplier Wanxiang Group, reports the Maeli Business. The report states that the secondary batteries undergo three major production processes: manufacturing cathodes and anodes that make up the battery plates, assembling them into batteries, and embedding electrons into the batteries. Hanwha will supply the last-stage facility to Wanxiang. Hanwha is also in negotiations with another Chinese company to sell a production facility.
Significance: Wanxiang acquired US electric car battery-maker A123 Systems in 2013 and has aims to become a major producer of electric vehicles (EVs). A123 Systems reportedly has plans to double its global manufacturing capabilities
