Alelion Energy Systems AB (publ) starts cooperation with global vehicle manufacturer and receives order worth MSEK 13.
As part of a cooperation agreement with a global vehicle manufacturer, Alelion Energy Systems has received an order for high-voltage lithium ion batteries. The cooperation comprises both engineering services and products and is in the initial phase worth MSEK 13 during 2018 and 2019.
The customer manufactures commercial vehicles and the first series of products are expected to be delivered in 2019.
“This order is yet another confirmation of our leading position within development and production of lithium ion batteries for various types of applications”, Daniel Troedsson, CEO of Alelion said. “So far we have put more focus on low-voltage batteries but with this order we take an important step towards increasing our business within heavy-duty vehicles, a huge but also fairly new segment for us.”
For more information, please contact:
Daniel Troedsson
CEO
Alelion Energy Systems AB
+46 (0)707-51 67 10
The information in this press release contains inside information that Alelion Energy Systems AB (publ) will publish under the EU Market Abuse Regulation. The information was provided by the contact person for publication on October 8, 2018 at 08: 30 CET
Alelion Energy Systems AB
Alelion Energy Systems AB (publ) develops and markets lithium ion batteries and energy storage systems. Its focus is on the materials processing segment, and batteries for forklifts to replace the current lead acid batteries and diesel motors. Lithium ion technology is superior to lead acid technology in all respects.
A lithium ion battery is lighter, more energy efficient, more durable and even enables a significantly reduced environmental impact. Alelion, currently a leader in this market, has decided to build Sweden’s first plant for large-scale production of lithium ion batteries for industrial vehicles. The plant will be centrally located in the vehicle cluster at Hisinge in Gothenburg, and is expected to be finished during the third quarter of 2018. Read more at www.alelion.com
Alelion’s largest owners are Pegroco Invest and Fouriertransform. The company’s share (ALELIO) is traded on Nasdaq First North Stockholm with G&W Fondkommission as Certified Adviser, tel: +46 (0)8-503 000 50.
VD Daniel Troedsson tel 46 707 51 67 10, e-post: daniel.troedsson@alelion.com
Alelion Energy Systems AB
Flöjelbergsgatan 14 C
SE-431 37 Mölndal
www.alelion.com
Org nr: 556710-7916