Octillion Energy says it has shipped more than 1,500 battery packs per day and expects to hit 2,000 this month.
The company is a global supplier of high-density lithium-ion battery packs for passenger cars, trucks, buses and energy-storage systems.
Averaged during the course of a year, Octillion expects to sell around 200,000 battery packs in 2021, which equals more than three gigawatt hours (GWh). The company anticipates tripling that volume in 2022 to almost 600,000 batteries.
Octillion has delivered more than 300,000 EV batteries to the global EV market with more than 4.5bn kilometres driven on its systems.
“These are remarkable numbers and show how we’re now a global force in providing high-density, high-output EV batteries,” said Paul Beach, president, Octillion Power Systems, the US-based subsidiary of Octillion Energy.
“We’re proud of our role in supplying batteries for the Wuling Hongguang Mini EV. It’s the best-selling electric vehicle in China and helping us to drive our production of battery packs.”
Octillion has operations in six locations in Asia and North America with a global workforce of more than 400 employees. Battery manufacturing facilities operated by Octillion are in the US, China and India.
In addition to the Wuling Hongguang Mini EV, other products powered by Octillion batteries include electric buses in India and electric trucks produced by Brazilian manufacturer FNM (Fábrica Nacional de Motores) for beverage maker, Ambev.
The company also supplies batteries for the energy-storage and solar markets.
Octillion’s circuit boards for its battery management systems are designed in California, while the packs themselves are often built in the country where the vehicles are operated.
At current levels of production, during their first year being driven, vehicles powered by Octillion batteries are estimated to reduce CO2 emissions by more than 1.4m metric tons. At current production levels, after their second year of operation, CO2 reductions would be estimated to be more than 5.5m metric tons.