Start-up sees opportunity in electric lithium batteries
A worker assembles lithium ion batteries in Tianjin. The average annual growth rate of lithium carbonate use in China is about 25 percent, mainly driven by mobile phones and other electronic devices. Keith Bedford / Bloomberg |
The Australian lithium start-up Galaxy Resources Ltd plans to invest in the production of batteries for electric bicycles in the Chinese market, a sign that foreign companies see opportunity in the mainland's growing industry of new energy vehicles.
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