
A joint venture between the Chinese holding company Thundersky and the Russian RUSNANO called
Liotech has just
announced the launch of a 430,000 sq ft facility capable of producing 1 GWh or approximately one million Lithium Iron Phosphate batteries per year. The facility, located in Novosibirsk was built in a very quick 9 months. The plant will manufacture large prismatic LiFePO4 cells with “nanostructured” cathode materials. The cells have the same yellow ribbed appearance as the well-known Thundersky brand cells. Liotech boast that it already has production contracts and, according to Liotech CEO Alexander Erokhin, is “seeing interest in our storage batteries from Russian Railways, the Moscow Metro, electric power networks and power generating companies, businesses in the military industrial complex, the public utilities sector, and telecommunications companies.”