The companies will use their new strategic partnership to extend world-class energy solutions into additional industrial applications.
Nuertingen, March 26, 2024 – On March 1, Farasis Energy and FAW Jiefang Automobile Co., Ltd., a leading commercial vehicle manufacturer, held a signing ceremony in Changchun, Jilin Province, China to cooperate on commercial vehicle applications. Ji Yizhi, member of the Party Committee and Deputy General Manager of FAW Jiefang; Pei Guoquan, General Manager and Secretary of the Party Committee of the New Energy Division; Chen Binbo, General Manager of Farasis Energy; and other relevant leaders attended the event.
“FAW Jiefang will fully support Farasis Energy with its rich experience in vehicle integration, manufacturing and market channels to provide strong support for the cooperation project,” Ji Yizhi stated at the signing ceremony.
Both companies will collaborate closely on commercial vehicle semi-solid-state and solid-state battery projects for light, medium and heavy vehicle applications, as well as other scenarios like long-haul transportation, urban logistics, and municipal engineering. The partnership’s goal is to create new energy vehicle products that are more competitive in the market and leading in industry technology.
“Farasis Energy focuses on product and technical advantages,” states Chen Binbo, General Manager Farasis Energy. “We will provide FAW Jiefang with high-quality products, accelerate technological innovation in the field of new energy vehicles, verify products with the market and lead the new energy transformation. Together we will create a new blueprint for the development of the new energy vehicle industry.”
Both companies hope to use their strategic partnership to continue their growth toward becoming leading commercial vehicle companies. This is conducive to Farasis Energy expanding into additional industries, increasing overall market share, and accelerating the application of semi-solid-state and solid-state batteries in commercial vehicle electrification. Both companies will jointly contribute to global green commuting and sustainable development.
About Farasis Energy
Farasis Energy is a leading developer and manufacturer of high-performance battery technology and pouch cells for electric mobility and other sustainable power storage solutions. Founded in 2002 by Dr. Keith Kepler and Dr. Yu Wang in California, the company now operates research and development centers in China, Germany, and the United States. There are currently two production facilities in Ganzhou and Zhenjiang (China), with further production facilities being built by 2025, thereby increasing total planned capacity to 145 GWh/a. A new battery plant is also being built in Gemlik (Turkey) with the establishment of the Siro joint venture between Turkish electric car manufacturer Togg and Farasis Energy, which produces modules and packs since March 2023. With more than twenty years of experience in research and development and with nearly 300 patents, Farasis Energy is shaping the future of electric mobility as a pioneer. In addition to Togg, its major strategic partners also include companies such as Mercedes-Benz and Geely.
