Global manufacturer of lithium-based battery cells China BAK Battery, has announced Chery Automobile, one of its major electric vehicle customers, has launched its first lithium-ion solution EV, Ruilin M1, powered by China BAK’s lithium-ion phosphate batteries.
In addition to launching Ruilin M1, Chery has also unveiled four other new EV solutions powered by China BAK, including Ruilin X1, Chery A5, Ruilin G5 and an additional model of its M1 series.
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“We believe the successful launch of Chery’s electric vehicles marks an important milestone for commercial use of our lithium-ion phosphate batteries in the EV industry,” said China BAK CEO Xiangqian Li. “Currently, we are the only lithium-ion battery supplier to power Chery’s electric vehicles and will continue to expand our cooperation with Chery.
“In the future, we anticipate revenue and market share growth from our EV business as we gradually increase production of our high-power cells to meet anticipated market demand.”
