21 Feb 2020

AKASOL ORDERS FULLY AUTOMATED BATTERY PRODUCTION LINES

German battery maker Akasol is preparing to boost production by installing fully automated production lines for high-energy battery modules in its Gigafactory 1 at the new Darmstadt Akasol Headquarter Campus. The production line will be supplied by Manz AG, a global high-tech production equipment manufacturing company.

Last year Akasol won an order from a commercial vehicle manufacturer for the supply of ultra-high-energy battery systems for which these new production capacities are now being built up. Serial production of the new ultra-high-energy AKASystem AKM CYC battery systems is to start by the middle of 2021. These battery systems achieve a further improved energy density enabling the highest ranges of 600-800 kilometres under demanding real conditions in fully electric buses and commercial vehicles.

"With a total capacity of up to 5 GWh in the new Gigafactory 1 in Darmstadt, Akasol is well positioned to be able to deliver the quantities agreed with our serial customer in the coming years. In addition, the new Gigafactory 1 will be an important basis for the further expansion of our production capacities in North America, where we will install Gigafactory 2 with almost identical production equipment from the beginning of 2022," commented Sven Schulz, CEO of Akasol. The total order volume amounts up to EUR 20 million, including production lines for Akasol's new US site in Hazel Park, Michigan. In addition, the Company has announced that the tender for further automated production lines for the high-energy battery systems is currently in the final phase.

Akasol will invest around EUR 60 million in the infrastructure of the new corporate headquarters and Gigafactory 1 in Darmstadt, including a state-of-the-art and environmentally friendly test and validation center as well as a main administration building and space for up to 500 workplaces.



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