Johnson Controls to Partner with Fengfan Ltd in China Automotive Battery Market
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MILWAUKEE, July 19 / -- Johnson Controls, Inc., the leading global provider of automotive batteries, today announced it has signed a memorandum of understanding with Fengfan Ltd of Baoding, HeBei province to establish a joint venture agreement for the design, manufacture, sales and service of maintenance free lead acid batteries for the automotive market in China.
Today, Johnson Controls operates a lead acid battery plant in Shanghai built in 1997 and offers its Varta® brand product to both original equipment manufacturers and the Chinese automotive aftermarket. This relationship with Fengfan further reflects the company's commitment to growth and support for its customers in China.
Baoding Jin Fengfan Storage Battery Company Ltd was founded in 1958 and is a publicly traded state-owned company majority owned by China Shipbuilding Industry Corporation (CSIC). Fengfan is the largest manufacturer of industrial and transportation batteries in the People's Republic of China with market share exceeding 20%.
Johnson Controls is a global leader in automotive experience, building efficiency and power solutions. The company provides innovative automotive interiors that help make driving more comfortable, safe and enjoyable. For buildings, it offers products and services that optimize energy use and improve comfort and security. Johnson Controls also provides batteries for automobiles and hybrid-electric vehicles, along with systems engineering and service expertise. Johnson Controls has 136,000 employees in more than 1,000 locations serving customers in 125 countries. Founded in 1885, the company is headquartered in Milwaukee, Wisconsin.
For additional information, please visit http://www.johnsoncontrols.com/
Source: Johnson Controls, Inc.
CONTACT:Monica Levy of Johnson Controls, 414-524-2695
Web site: http://www.johnsoncontrols.com/
