SHANGHAI, May 19 (SMM) – China Dynamics is aiming to research and develop graphene lead-acid batteries, based on its announcement issued on May 17.

China Dynamics and Shanghai Xinchi Energy Technology entered into strategic cooperation agreement to jointly research and develop graphene lead-acid batteries. China Dynamics targets three main businesses, namely ignition batteries, energy storage battery for industrial use and lithium-ion and green batteries.

Net profit for China Dynamics is expected to be 200 million yuan ($ 30.56 million) in 2016, 210 million yuan in 2017 and 240 million yuan in 2018 if not considering factors like consolidated financial statements.

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