AMTE Power and Cosworth enter partnership to develop next-generation engines for electric vehicles

AMTE Power Plc (“AMTE Power”), a leading manufacturer of battery cells for specialty markets, has signed a Memorandum of Understanding (“MoU”) with automotive engineering company Cosworth (“Cosworth”) to develop the next generation of electric vehicles.

AMTE Power Plc (“AMTE Power”), a leading manufacturer of battery cells for specialty markets, has signed a Memorandum of Understanding (“MoU”) with automotive engineering company Cosworth (“Cosworth”) to develop the next generation of electric vehicles.

The non-binding MoU paves the way for AMTE Power to provide its Ultra High Power (“UHP”) cells for use in Cosworth’s advanced propulsion technologies.

As a partner to major OEMs, Cosworth designs innovative battery and electric vehicle solutions for the high-performance automotive, aerospace and marine industries. Following the recent acquisition of electrification specialist Delta, the company has accelerated the development of battery systems to complement its market-leading electrified powertrains and motors.

AMTE Power’s cell technology will be used in Cosworth’s technologies being developed at the engineering company’s state-of-the-art facilities.

The differentiated UHP lithium-ion cell is specially designed by AMTE Power to meet the demands of the electric vehicle market, balancing the needs of power, weight and safety. With a fast charge and discharge time, the cell is ideally suited for use within Cosworth’s advanced technologies and end-to-end vehicle solutions.

With full intellectual property rights to the product, AMTE Power is in the advanced stages of development of the UHP cell, which is currently being scaled up and tested at the UK Battery Industrial Center (“UKBIC”). In addition to manufacturing at the plant, the company is accelerating production of its cells at its manufacturing facility in Thurso, Scotland.

AMTE Power recently announced a series of commercial opportunities as it scales production of its next-generation battery cells to support the net-zero transition and continues its path to commercialization. To support this growth, the company last week announced the location for its first Megafactory in Dundee, Scotland, enabling AMTE Power to manufacture its cells in the UK on an industrial scale and bring its high-quality products to market quickly and efficiently.

Kevin Brundish, CEO of AMTE Power, commented:

“There is an increasing need for next-generation advanced battery cells for use within technologies to enable the transition to net zero. This collaboration with Cosworth marks the start of a partnership where our market-leading UHP cell will be used to power electric vehicles in high-performance automotive, aerospace and marine markets. It is another important step in our journey as we scale production and move towards commercialization.”

Hal Reisiger, CEO of Cosworth, commented:

“At Cosworth, we are committed to playing a leading role in developing future technology in the high-performance automotive sector. We have built an enviable wealth of cross-industry experience that enables us to deliver cutting edge solutions and integrate them into even the most niche client programs. Our battery offering enables us to deliver and integrate high-performance systems of flexible, scalable modules at low volumes. The new partnership with AMTE Power will further strengthen our existing capabilities in this important area.”

SOURCE: AMTE Power

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