China’s Dongjin Power to Setup $15mn Dry Battery Plant in Punjab

China’s Dongjin Power to setup $15mn dry battery plant in Punjab

China’s Dongjin Power Tech has partnered with the Punjab Board of Investment and Trade (PBIT) to invest $15 million in a state-of-the-art dry battery manufacturing plant inside Punjab’s Special Economic Zone (SEZ). A memorandum of understanding (MoU) was inked in this regard on Monday. The Dongjin Group is a company dedicated to the production, R&D and sales of lead-acid batteries and lithium battery packs. Headquartered in Shenzhen, the compan…

Chinese Company to Build $15 Million Lithium Battery Plant in Pakistan

China’s Dongjin Group is planning to establish a dry battery manufacturing facility in Allama Iqbal Industrial City, Faisalabad. The project is expected to help Pakistan meet rising demand for batteries, driven by the rapid growth of electric vehicles and solar energy systems, reported the Associated Press of Pakistan. The company has announced an investment of $15 million for the facility, which will be set up in the Special Economic Zone near …