Auto provider Piston Group stated it should manufacture batteries for electrical automobiles for power storage expertise startup Our Next Energy Inc., or ONE.
Piston Group stated it plans to provide ONE’s Aries battery packs, which make the most of lithium iron phosphate chemistry to “enhance vary and cut back price whereas eliminating nickel and cobalt provide chain and security considerations.”
Piston Automotive, a subsidiary of Piston Group, will construct the batteries at a manufacturing facility in Van Buren Township, Mich., about 25 miles west of downtown Detroit. Manufacturing is anticipated to start late this 12 months.
“Our dedication to development and product enlargement over the previous decade with different EV business main companions has been a key basis to our success,” Piston Automotive President Bob Holloway stated in an announcement. “Piston Automotive’s experience in battery meeting course of design, testing and repair, mixed with ONE’s revolutionary battery pack design, is an thrilling alternative and an amazing match for our long-term technique.”
The deal is a milestone for ONE, based by business veteran and 2021 Automotive News All-Star Mujeeb Ijaz in suburban Detroit in 2020. The Aries would be the first of its merchandise mass-produced for the EV market.
In response to ONE, the Aries battery has 79 kilowatt-hours of power, with peak energy of 120 kilowatts. The businesses didn’t disclose the purchasers for the batteries.