Sino-Russian JV Unleashes Surge of EV Batteries

LONDON – Production is under way at a new $430 million joint Sino-Russian plant described by its owners as the world’s largest high-capacity lithium-ion battery factory.

The plant, Liotech, is a joint venture between China’s Thunder Sky and the state-owned Russian Corporation of Nanotechnologies (Rusnano), with Thunder Sky owning 50.1% and Rusnano 49.9%.

Liotech produces three battery types destined mainly for the electric-transport and energy-supply ...