Certification Opens $100bn E-Transport Market in China
Leclanché SA has received certifications recognizing its LTO battery cell's compliance with China's latest standards, a pre-requisite to providing battery solutions to power electric vehicles in China. Leclanché is in advanced discussions with several parties in China as the company continues to progress plans to develop strategic partnerships in technology licensing, low-cost manufacturing and, in particular, the more than $100bn Chinese e-transport market.
This certification corresponds to the latest standards issued by the Standards Administration of China, and covers requirements in terms of lifetime, safety and performance under the following standards: GB/T 31484-2015 Cycle Life Requirements and Test Methods for Traction Battery of Electric Vehicle, GB/T 31485-2015 Technical Requirements and Test Methods for Traction Battery of Electric Vehicle Safety Requirements, and GB/T 31486-2015 Technical Requirements and Test Methods for Traction Battery of Electric Vehicle Electrical Performance.
Anil Srivastava, CEO of LeclanchÃ©, said: â€œWe are delighted to have received this important certification and endorsement of LeclanchÃ©â€™s superior battery technology and its suitability to power the growth of the worldâ€™s largest new energy vehicle market.
â€œWith the expected doubling of electric vehicle battery capacity in China by 2020 and lithium batteries as the key technology, the opportunities for LeclanchÃ© are significant. This is an important milestone for LeclanchÃ© and will support the growth strategy of the company,â€ Srivastava continued.
Pierre Blanc, CTO of LeclanchÃ©, added: "LeclanchÃ© has advanced lithium cells technology, with more than 100 patents, for both power applications, LTO, and high energy density cells, G/NMC cells. Coupled with the knowhow of building and operating Europe's largest and most automated lithium cell manufacturing facility, LeclanchÃ© is the ideal technology licensing and manufacturing partner to help Chinese companies leapfrog the competition and dominate the global battery market. Furthermore, with its complete battery systems technology, including modules and battery management system software, LeclanchÃ© can offer fully integrated solutions for many applications, in particular electric buses.â€
This certification is a further testament to the efficacy of LeclanchÃ©â€™s superior LTO cell technology. The certification was performed by China North Vehicle Quality Supervision Inspection Testing Centre, an independent test laboratory.
This follows LeclanchÃ©â€™s announcement in February of achieving 60 percent revenue growth for 2016, in line with guidance, and that the company is on track to deliver above-market revenue growth in 2017. Growth is supported by the current pipeline of awarded and expected projects which stands at over 450 MWh. Guidance for breakeven EBITDA profitability above 100MWh production is envisaged by 2018.