An automotive company and a Chinese battery manufacturer have entered a joint venture to develop 48-volt battery systems for hybrid vehicles.
Continental and Sichuan Chengfei Integration Technology (CITC) hold 60% and 40% of the partnership’s shares respectively.
The deal will allow Continental to get its 48-volt systems from a single source.
It claims the technology enables a reduction in average consumption and emissions in real driving situations by up to 21% in gasoline engines and by up to 9% in diesels, as well as cutting nitrogen oxide emissions.
Mr. Xiaoqing Shi, Board Chairman and General Manager of CITC, said: “Continental and CITC are engaging in providing energy saving and carbon emission reduction battery system solutions to meet the demand of global consumers in energy efficient vehicles.”