Johnson Controls to Launch Lithium-ion Battery at German Auto Show

Johnson Controls (NYSE:JCI), an auto parts manufacturer, announced Thursday it will launch its 48-volt Lithium-ion Micro Hybrid battery at an auto show in Germany, Automotive Business Review reported.

As quoted in the market news:

“Micro Hybrid systems will be able to support the automotive industry’s needs at a much lower cost than hybrid or electric vehicles, and therefore, offer a mass-production solution that can be leveraged across our customers’ fleets.”

“We expect Micro Hybrid technology will be adopted in Europe first, due to more stringent fuel economy and emissions standards, and then quickly move to U.S. markets in the next few years with global adoption starting in 2020,” said [Ray] Shemanski,  Johnson Controls Power Solutions’ Original Equipment Group vice president and general manager.

Click here for the full article in Automotive Business Review.