"Hybrid heat" not only allows car manufacturers to invest with enthusiasm, and auto parts companies are now profitable. Yesterday, the "Daily Economic News" learned from Johnson Controls that the company recently signed a memorandum of understanding (MoU) with SAFT, the world famous battery manufacturer, and Milwaukee, Wisconsin, USA. The two parties will set up joint ventures to jointly develop high-tech batteries in order to enter the hybrid vehicle market as soon as possible.
Johnson Controls Inc. ranked No. 200 in Fortune Global 500 in 2005. It is the world's first thermostat manufacturer. It was established in 1885 and the signing place of the MOU is its headquarters. It is reported that the company is a “global leader†in terms of in-car experience, facility efficiency, and power solutions. It is the world’s largest manufacturer of automotive original equipment and batteries, and is also a major supplier of nickel-metal hydride batteries for European hybrid vehicles. In the early 1980s, he entered the Chinese market and currently has 6 joint ventures and 4 subsidiaries in China.
Because of the current surge in oil prices, the prospects for hybrid vehicles are generally optimistic. The joint venture between Johnson Controls and France SAFT is optimistic about the business opportunities, mainly developing and producing nickel-metal hydride and lithium-ion batteries. The joint venture agreement will be finalized in early 2006.
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