Powin Energy Corp. (PWON) and RealForce Enterprises Co. Sign Agreement for Battery Production
Today, Oregon-based Powin Corp. announced that its wholly-owned subsidiary, Powin Energy, has entered into a Strategic Cooperation Joint Venture Agreement with Shandong RealForce Enterprises Co., Ltd. The agreement pertains to the production of lithium-ion batteries, storage batteries, energy storage power plants, solar cells and related energy products. The new joint venture is named RealForce-Powin, LLC and will be located at Powin Corp. headquarters in Tigard, Oregon. The total current investment at RFE is $1.2 billion. Its lithium batteries are especially well known for their long cycle life, high energy density, low self-discharge rate, consistent, safe and reliable operation, rapid charging…