Octillion Power, a world provider of superior high-density lithium-ion battery packs for passenger automobiles, vehicles, buses, and energy-storage programs, has achieved the milestone of transport greater than 1,500 battery packs a day and expects to hit 2,000 packs per day this month.
Averaged over the course of a yr, Octillion expects to promote roughly 200,000 battery packs in 2021, which equals greater than three gigawatt hours (GWh). The corporate anticipates tripling that quantity in 2022 to nearly 600,000 batteries.
These are exceptional numbers and present how we’re now a world power in offering high-density, high-output EV batteries. We’re particularly happy with our function in supplying batteries for the Wuling Hongguang Mini EV. It’s the best-selling electrical automobile in China and serving to us to drive our manufacturing of battery packs.
—Paul Seaside, president, Octillion Energy Techniques, the US-based subsidiary of Octillion Power
Octillion is a world provider of superior high-density lithium-ion battery packs for passenger automobiles, vehicles, buses, and energy-storage programs. The corporate has operations in six areas in Asia and North America with a world workforce of greater than 400 workers. Battery manufacturing services operated by Octillion are within the US, China, and India.
Octillion Energy Techniques’ manufacturing facility in Hefei, China.
Along with the Wuling Hongguang Mini EV, different merchandise powered by Octillion batteries embody electrical buses in India and electrical vehicles produced by Brazilian producer FNM (Fábrica Nacional de Motores) for beverage maker Ambev. The corporate additionally provides batteries for the energy-storage and photo voltaic markets.
Octillion has delivered greater than 300,000 EV batteries to the worldwide EV market with greater than 4.5 billion kilometers pushed on its programs. Octillion’s superior circuit boards for its battery administration programs are designed in California, whereas the packs themselves are sometimes constructed within the nation the place the automobiles are operated.
At present ranges of manufacturing, throughout their first yr being pushed, automobiles powered by Octillion batteries are estimated to scale back CO2 emissions by greater than 1.4 million metric tons. At present manufacturing ranges, after their second yr of operation, CO2 reductions could be estimated to be greater than 5.5 million metric tons.