Chinese battery maker Farasis Energy has secured a major contract to supply over 10 gigawatt-hours (GWh) worth of batteries for two models from Guangzhou Automobile Group’s (GAC) electric vehicle brand, Aion. The deal includes LFP batteries that will power the European versions of the Aion V and Aion UT.
Key Takeaways
- Farasis to supply over 10 GWh worth of lithium iron phosphate (LFP) batteries for two models from GAC’s Aion brand in Europe.
- The SPS battery solution will be used, offering high safety and fast charging capabilities.
- This marks a significant step forward for Farasis as it expands its reach into international markets.
Farasis Energy announced today that it would supply GAC Aion with more than 10 gigawatt-hours (GWh) worth of batteries. The deal involves the provision of lithium iron phosphate (LFP) battery packs for two models, specifically the European versions of the Aion V and Aion UT.
Farasis’ SPS solution will be used in these vehicles, which features large-format pouch cells designed to provide long range, fast charging capability, high safety performance, low cost, and scalability. This collaboration is a significant milestone for Farasis as it seeks to establish itself more firmly within the European market.
Currently, GAC Aion’s second-generation Aion V and Aion UT already utilize Farasis’ SPS battery solutions in China. With this new agreement, these models will also be equipped with similar technology when they enter Europe later on.
Frequently Asked Questions
How many vehicles can the 10 GWh order support?
The total order capacity is sufficient for approximately 100,000 electric vehicles equipped with 100-kilowatt-hour (kWh) battery packs.
What’s unique about Farasis’ SPS solution?
Farasis’ Super Pouch Solution utilizes large-format pouch cells and offers features such as long range, fast charging capability, high safety performance, low cost, and scalability for future iterations.
This partnership represents a significant move by both companies to strengthen their presence in the European electric vehicle market. It also highlights Farasis’ growing importance within China’s battery manufacturing sector despite its relatively smaller size compared to industry leaders like CATL.
