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J&R Optimum Will Supply Power Batteries for Resurrected Hummer

J&R Optimum Energy’s will supply power batteries for an electric version of the resurrected Hummer, a brand of trucks and sport utility vehicles. The deal is expected to generate revenue of about CNY2.4 billion (USD343.4 million) for J&R Optimum, the Xi’an-based company said in a statement yesterday. Hummer, which gained global fame during the Gulf War and was later discontinued because of high fuel consumption, is likely to be revived as an electric vehicle in the Chinese market. J&R Optimum said yesterday that 200,000 are expected to be made over the next five years and it will provide the lithium batteries, with a minimum total capacity of 3 Gigawatt hours. J&R Optimum will partner with Hummer Chongqing New Energy Technology Development, which holds the brand’s license, to jointly develop the Hummer G1.5 and cooperate in the vehicle’s battery support, launch and operation and battery retrieval, the statement added, without providing further details. J&R Optimum’s...