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Wanxiang Group
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Supplier of automobile parts, bearings, CV joints and other industrial equipments/parts

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TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters China Hangzhou, China
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Date Partner Type
06/13/2014
NEC Corporation NEC Corporation
Wanxiang’s subsidiary Puxing Energy and NEC have agreed to form a joint venture for grid energy storage in China. Wanxiang will own 51% stake in the JV while the remaining 49% interest will be held by NEC. The JV is expected to start initial business activities later in 2014.
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Confirmed by NEC Corporation
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