Hong Kong-backed EnerVenue starts nickel-hydrogen battery production in China

EnerVenue, backed by Hong Kong tycoon Peter Lee Ka-kit, has begun manufacturing nickel-hydrogen batteries at a 250 MWh/year plant in Changzhou, aiming to compete with dominant mainland Chinese energy-storage players. The move capitalizes on surging global green-energy demand, though scalability and cost competitiveness against established lithium-ion and sodium-ion technologies remain uncertain. This marks a notable entry into the energy-storage market, potentially diversifying supply chains.