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Asian Energy Company Bangchak Invests in Enevate’s Fast-Charging EV Battery Technology

Apr 16, 2019 Enevate aims to make EV charging as fast and easy as pumping gas/petrol April 16, 2019 08:00 PM Hong Kong Time - IRVINE, Calif. & BANGKOK--(BUSINESS WIRE)--California-based Enevate Corp., whose innovative battery technology is addressing extreme-fast charge times for electric vehicle (EV) batteries, announced that Thai energy giant Bangchak, through its Bangchak Initiative and Innovation Center (BiiC), has invested in the company. “This is a significant investment for us, not only from a financial perspective but as further indication of the energy industry’s strong interest in our groundbreaking solutions as EV demand grows and consumers demand vastly shorter battery charging times,” said Enevate CEO Robert A. Rango. “With this investment, Bangchak becomes an important partner in our mission to provide advanced battery technology that will help drive the growth of global EV markets with as little as five-minute charging times.” Rango added: “We see a day in the not-too-distant future when EV drivers will be able to pull up to drive-thru charging stations that will look much like today’s gas stations, charge up and be back on the road in five minutes.” “Bangchak’s investment in Enevate reflects our mission to seed innovative technologies and support continuous development of solutions in pursuit of environmental stewardship and sustainability in the energy business,” said Chaiwat Kovavisarach, President and CEO, Bangchak Corporation Public Company Limited. “Enevate is renowned for its expertise in the development of innovative extreme-fast charging lithium-ion batteries for EVs, with an ability to charge 10 times faster than current conventional batteries. We are excited to be a part of their pioneering work.” The companies did not disclose the investment amount. Enevate’s HD-Energy® Technology for EVs features five-minute fast charging with high energy density and long driving range with added focus on low-temperature operation for cold climates, low... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, Asian Energy Company Bangchak Invests in Enevate’s Fast-Charging EV Battery Technology, simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you Asian Energy Company Bangchak Invests in Enevate’s Fast-Charging EV Battery Technology

 

 

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Published By: ASIA TODAY - Tuesday, 16 April

 

 

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