3.7 volt battery 18650

　　RONN Motor Group will cooperate with Chinese companies to develop hydrogen 3.7 volt battery 18650 vehicles

　　According to foreign media reports, RONN Motor Group, Inc. (hereinafter referred to as RONN) recently announced the signing of a three-party joint venture agreement. RONN will join forces with two joint venture partners in my country to jointly sell lithium-ion batteries and develop hydrogen 3.7 volt battery 18650 vehicles.

　　The registered capital of the joint venture is US$100 million. RONN will obtain 51% of the controlling stake in the joint venture, while the other two partners will obtain 30% and 19% of the equity respectively.

　　As an important part of the agreement: RONN will provide 10 million shares priced at $5.00 per share, automotive engineering skills, clean energy expertise, patents related to 3.7 volt battery 18650s and graphene (provided by RONN Motor Group) and A range of patented nanocomposite technologies.

　　The other two partners of the joint venture will provide more than 3 million square feet of manufacturing space in the two factories. The total production capacity of the two factories may reach 300,000 vehicles/year (including: hydrogen 3.7 volt battery 18650 vehicles) and related equipment, and a complete set of electric vehicle production licenses.

　　The terms of the three-party joint venture agreement also include: RONN Motor Group will pay the lithium-ion battery manufacturer US$24 million in cash, based on manufacturing milestones.

　　In addition to 3.7 volt battery 18650 vehicles, RONN also plans to bring hydrogen energy infrastructure to our country.

　　The joint venture will help promote the development of lightweight, nanocomposite, lithium-ion batteries for commercial vehicles (zero-emission buses and hydrogen 3.7 volt battery 18650 vehicles/battery power systems).

　　Dongguan Juda Electronics Co., Ltd. was established in 2002 and is headquartered in Goldman Sachs Technology Park, Nancheng District, Dongguan City, Guangdong Province, my country. It is a company that provides special needs for global users in mobile power supplies, energy storage power supplies, power supplies and backup power supplies. A national high-tech company specializing in customized solutions and products for lithium battery systems.

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