Boston-Power to supply battery systems to Beijing Electric Vehicle company

Boston-Power, a provider of next-generation lithium-ion battery cells, modules and systems, has announced a multi-year agreement to provide battery systems to Beijing Electric Vehicle Company (BJEV), the electric vehicle delivery arm of Beijing Automotive Industry Company (BAIC). Under terms of the agreement, Boston-Power’s battery systems are expected to support multiple BJEV models and brands. Availability of pre-ordered vehicles begins in fourth calendar quarter 2012 with the C70 sedan, which is based on
August 10, 2012 Read time: 2 mins
6357 Boston-Power, a provider of next-generation lithium-ion battery cells, modules and systems, has announced a multi-year agreement to provide battery systems to Beijing Electric Vehicle Company (BJEV), the electric vehicle delivery arm of 6358 Beijing Automotive Industry Company (BAIC). Under terms of the agreement, Boston-Power’s battery systems are expected to support multiple BJEV models and brands. Availability of pre-ordered vehicles begins in fourth calendar quarter 2012 with the C70 sedan, which is based on the 9-5 SAAB chassis BAIC acquired in 2009.

“China’s stated policy is to lead the world in the development of clean transportation and we intend to produce thousands of hybrid and electric vehicles,” said Fang Qing, general manager of Beijing Electric Vehicle Company. “We are impressed with Boston-Power’s green and high performing technology. We welcome the opportunity to work with the company and our other key suppliers to bring EVs to consumers in China and around the world.”

According to 5644 Pike Research, the market for Li-ion batteries for transportation will grow from US$2 billion annually in 2011 to more than $14.6 billion by 2017. The research firm points to China and the US as the two markets currently best positioned to enjoy the strongest growth rates for EV adoption. Notably, China is recognised in the report for being a world leader in instituting government policies to incentivise consumer adoption of EVs.

For more information on companies in this article

Related Content

  • Uber clean-up - those all-important facts and figures
    September 11, 2020
    Ride-hailing giant says it can switch to all-electric vehicles 'in any major city' by 2030
    Read More
  • Favourable government initiatives and new business models boost Poland’s EV market
    June 29, 2017
    Poland’s electro-mobility market is ripe for growth, according to research organisation Frost & Sullivan. Favourable government initiatives such as the Electro-mobility Plan and Electro-mobility and Alternative Fuels Act are reshaping local mobility and igniting innovative clean technologies to achieve higher competitiveness and energy optimisation.
    Read More
  • EVs to make up 2.4 percent of global light-duty vehicle sales by 2023
    October 24, 2014
    A new report from Navigant Research, ‘Electric Vehicle Market Forecasts,’ provides a comprehensive overview of the overall light duty vehicle (LDV) market, including global forecasts for annual LDV sales and vehicles in use through 2023. The rapidly changing market for electric vehicles (EVs), which includes hybrids (HEVs), plug-in hybrids (PHEVs), and battery electric vehicles (BEVs), is a small but growing part of the global automotive industry. Keen to see increasing penetrations of EVs due to the e
    Read More
  • Germany’ plans subsidies to encourage EV use ‘an interesting move’
    April 29, 2016
    Germany has announced plans to motivate German citizens to buy electric and hybrid vehicles, say news reports, with a plan that the transport ministry hopes will boost sluggish electric-vehicle sales. The plan is expected to cost US$1.35 billion (€1.2 billion), with the government and automakers sharing the cost. Car buyers will receive a US$4,530 (€4,000) discount on electric vehicles and a US$3,398 ($3,000) discount on hybrids. The proposal also includes the installation of more charging stations
    Read More

Highlighted Content