FEBRUARY 27, 2021 - FREMONT, CALIFORNIA – Sidus Energy, a leading battery technology company, has announced that it has signed an agreement with the government of Nantong, China, to expand its R&D and manufacturing in Nantong. In the initial stage, an R&D and Engineering facility will be built for product development and manufacturing development. In the next stage the plan is to build a 2 GWh manufacturing factory. The Nantong government also agreed to support the further expansion of manufacturing capacities in the future.
Most of the initial new space will be dedicated to R&D and manufacturing development activities. The site will also accommodate functional supporting staff.
Mr. Ryan Chen, COO of Sidus Energy, signed the agreement with Nantong officials at the signing ceremony on behalf of the company.
“Sidus Energy is very pleased to have our presence in Nantong and appreciates the support from Nantong local government,” said Shelly Deng, CEO of Sidus Energy. “The Nantong facility will help us accelerate the pace to bring the new technology to commercialization.”
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About Sidus Energy
Sidus Energy Limited is a technology company commercializing the revolutionary cobalt-free battery technology from IBM. The breakthrough technology uses novel proprietary materials that totally eliminate the use of any heavy metals. It is not only more environmentally friendly and cost effective, but also has excellent performance in charging time, extended temperature operation, high energy and power density, and cycle life. Our vision is a greener world powered by Sidus batteries. We are expanding globally and are building a diverse and collaborative team of talents to create a better greener world.