Darmstadt, Germany, August 16, 2021 — AKASOL finishes development on their Gigafactory 1 and hosts a ceremony with Tarek Al-Wazir, Hessian Minister of Economics, and greater than different 160 visitors to have a good time the at the moment largest manufacturing unit for business automobile battery techniques in Europe with a capability of as much as 5 GWh on a 20,000-square-meter campus.
AKASOL was based in 2008, however it’s stated that the founders had been tinkering on the know-how for a for much longer time now since they have been attending Technische Universität Darmstadt. That they had their IPO about ten years later, in 2018. Earlier this 12 months, ABBA BidCo, a subsidiary of BorgWarner, accomplished a voluntary public takeover which AKASOL agreed to as a result of BorgWarner confirmed they may proceed to work autonomously.
At first, the Gigafactory 1 will be capable to produce Li-ion battery techniques for business automobiles with an annual capability of 1 GWh. AKASOL initiatives the manufacturing capability to achieve 2.5 GWh within the coming 12 months and broaden to five GWh with future expansions. As per their press launch, they state to be investing greater than 100 million EUR on this location. The Gigafactory 2 can be situated close to Detroit, Michigan, US, and so they plan to finish the development there on the finish of 2021.
Video: Drone flight video to seize all facets of the Gigafactory 1 (by AKASOL)
On the occasion, AKASOL CEO Sven Schulz states, “The opening of Gigafactory 1 is a crucial milestone in our firm historical past. Right here in Darmstadt, in a extremely automated and very superior manufacturing facility, we produce high-performance lithium-ion battery modules and techniques that present an necessary key for the transportation and vitality transition.
We’re notably happy with the appraisal and recognition of this necessary milestone by quite a few high-profile visitors amongst our prospects and suppliers, by the highest administration of our new foremost shareholder BorgWarner, and by representatives from the political area, notably Federal Minister Peter Altmaier and Hessian State Minister of Economics Tarek Al-Wazir. The course has now been set to proceed our development as a driver of innovation in electromobility, much more dynamically than earlier than.”
Video: Timelapse of the Gigafactory 1 development undertaking (by AKASOL)
Peter Altmaier, Germany’s Federal Minister for Financial Affairs and Power provides, “I’m delighted that AKASOL AG supplies us with a German market and know-how chief for traction battery techniques within the commercial-vehicle sector. With the brand new Gigafactory in Darmstadt, AKASOL AG is making a decisive contribution to CO2 discount in public transportation and logistics. Progressive enterprises like this one assist us meet our formidable local weather objectives – and so they create added worth and jobs in Germany.”
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AKASOL at the moment has 300 employees and generates USD 80.81 million in sales. AKASOL additionally introduced in the present day that they achieved income development of 151% to EUR 45.8 million in the first half of 2021. Among the rivals to AKASOL are corporations corresponding to Voltabox, Romeo Energy, BMZ, Inexperienced Cubes Expertise, Forsee Energy, Enerdel, NEC Power Options, and CODA Automotive.
YouTube: AKASOL AG | Referenzprojekte | Excessive Efficiency Battery Methods |
Picture credit score: All media proven is owned by AKASOL and was offered as a part of a press equipment.
Supply: Press release
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