AVX Acquires Chengdu OK New Energy, Ltd.

November 02, 2019 by Paul Shepard

AVX Corporation has completed the purchase of Chengdu OK New Energy, Ltd. (COKNE). After four years of strong collaborative efforts between COKNE and AVX on the manufacturing and development of supercapacitors, AVX is delighted to complete the full vertical integration under the AVX umbrella.

During the announcement, Chief Operating Officer Jeff Schmersal stated, "The COKNE team has been instrumental in the co-development of AVX's low ESR cylindrical SuperCap series. We look forward to a long and prosperous relationship, with continual dedication toward further supercap advancements".

The vertical acquisition further demonstrates AVX's strong commitment to supercapacitor technology, used in markets such as industrial, medical, automotive, IoT, and alternative energy.

About Chengdu OK New Energy Technology

Chengdu OK New Energy Technology ("OK" for short) was the subsidiary of Chengdu Z-Tech Polymer Material Co., Ltd with registered capital 34 million Yuan and total assets over 100 million Yuan. OK is dedicated to design, manufacture, sales and marketing of super capacitor and lithium ion/polymer battery pack and system. OK headquarters in High-tech Zone of Chengdu, with its branch company/factory located in Qingbaijiang Industrial Park of Chengdu.

OK super capacitors are sold to all over the world and widely used for Electric Park Brake System, Solar Energy Storage System, Wind Power Generator System, Super cap Booster, E-bike, Car Stop/Start system, Batteryless Jump starter, Sport Action Camera, Hybrid Car, Smart meter, Robot, UPS, Printers, Controller and so on.

With OK Lithium ion battery pack and management system safe, high performance, high efficiency and environment friendly, OK maintains the leadership in the line and products are widely used in consumer electronics products (like laptop computers, smart/cellular phone, digital media players, digital cameras and camcorders, cordless tools and numerous favors of IT gadgets), power tools, new-energy vehicles, new energy vehicle charging station and power grid energy storage system.

OK covers an area of 110 acres with employees over 100 (40 among them are engineers) and annual sales amount over 80 million Yuan.