(MENAFN) Lithium Australia has signed a letter of intent with major Chinese battery manufacturer, DLG, in a deal to provide the Australian market with lithium batteries and cooperate to develop and boost the technology.
Lithium batteries are expected to be essential in the sustainable economy of the future for their use in electric vehicles and are already indispensable in today's technologies such as smartphones, laptops and tablets.
The partnership will see the formation of an equal venture, Lithium Australia DLG, supplying lithium battery packs and modules in Australia.
A subsidiary of Lithium Australia, VSPC, produces cathode powder, a main element in lithium batteries which will be used to manufacture DLG batteries in China and develop products specifically engineered to meet Australia's needs.
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