The supervisory board of the Russian Corporation of Nanotechnologies (RusNano) has approved the state corporation’s participation in a project with China-based Li-ion battery manufacturer Thunder Sky to manufacture Lithium-ion batteries, the first such project in Russia.
The Russia-based enterprise established under this project will produce, foremost, lithium-ion batteries for all types of electric vehicles, including motorcycles and buses. Thunder Sky plans to buy a large part of the Russian factory’s products to fulfill contracts with Chinese producers of electric transport. As demand emerges in the Russian market, products from the plant will be sold there as well.
Other targeted markets will be energy, telecommunications, and several other industrial areas.
Under the project, a plant will be built in Novosibirsk with four production lines from Thunder Sky (China), which is its coinvestor. Production will begin at the Novosibirsk plant in 2011 with capacity to turn out 300 million Ah annually; capacity will rise to 400 Ah annually in 2012.
The new enterprise for realization of the project will have participation from RUSNANO, Thunder Sky Energy Group Limited, and an external coinvestor. RUSNANO will contribute 2.24 billion rubles (US$75.4 million) to the equity of the new company and extend a loan of up to 5.5 billion rubles (US$185 million). Thunder Sky Energy Group Limited will invest the same 2.24 billion rubles in cash, technology, and intellectual property. The external coinvestor will loan 3.9 billion rubles (US$131 million) to the project company. The budget to bring the project to fruition is estimated at 13.88 billion rubles (US$464 million), with projected sales in 2015 of 17.1 billion rubles (US$575 million).
In essence, the project involves a transfer to Russia of one of the most advanced technologies in the world. Manufacturing will be fully localized in our country and Russian companies will supply raw materials. We will have new, high-tech production and lower production costs in the project. The endeavor will create 500 new jobs and contribute more than seven billion rubles in taxes to federal and regional budgets between 2010 and 2015.—Sergei Polikarnov, RusNano Managing Director
Thunder Sky Green Power (Shenzhen) Limited was founded in 1998. Currently, the company has two production lines with annual capacity of 60 million Ah. At the end of 2009 company launched an additional fully automatic battery production line with the capacity of 100 million Ah per year.
RusNano was established in 2007 by Federal law to enable Government policy in the field of Nanotechnology. RusNano co-invests in nanotechnology industry projects that have high commercial potential or social benefit.