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Saab Automobile enters agreement with Hawtai Motor Group on strategic partnership

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in financing ( earlier post ), conditionally secures medium-term funding and includes financing in the form of subscription agreements in the amount of €150 million (US$222 million) as well as a strategic alliance for China including joint ventures on manufacturing, technology and distribution.

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Benchmark: China dominates Li-ion battery supply chain

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Lithium is typically shipped to China for conversion to lithium carbonate or lithium hydroxide. Not only does China mine 64% of natural flake graphite, it has a monopoly on conversion to spherical graphite needed for anodes. —Albert Li, an analyst at Benchmark.

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