Sinopoly to supply lithium-ion batteries for Smith’s electric trucks
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Chinese lithium-ion battery manufacturer Sinopoly Battery Limited has signed a Letter of Intent with Smith Electric Vehicles to supply batteries for 20 000 electric vehicles destined for China.
The deal will be worth US$100m for Sinopoly to manufacture batteries for Smith’s commercial electric vehicles. Smith is making 15 000 for mainland China and 5 000 for Taiwan.
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