Wanxiang and NEC to Form Joint Venture for Grid Energy Storage in China

China Wanxiang Holding announced the formation of a joint venture between its wholly-owned subsidiary, Puxing Energy, and NEC Corporation to pursue grid energy storage opportunities in the Chinese market. The joint venture, 51% held by Wanxiang and 49% held by NEC, is scheduled to begin initial business activities later this year. Its formation is an […]