German lithium-ion battery supplier Akasol said it had received "a large follow-up order from one of the world's leading commercial vehicle manufacturers with a total volume in the high three digit million euro range".

From 2021 to 2027 it would supply its third generation battery systems for various electric vehicles made by the "globally operating customer" and said deal "safeguards Akasol's dynamic growth within the upcoming years".

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In February 2019, Akasol expanded the existing framework agreement with the commercial vehicle manufacturer for the delivery of the second-generation battery system in the mid to high triple-digit million-euro range. Due to the successful cooperation, this contract will extend significantly.

"We are proud of the confidence that our long-term customer has once again placed in us to expand our highly successful cooperation and that Akasol remains supplier for a strategically important e-mobility component for various electric vehicles manufactured by this global player," said Sven Schulz, CEO of Akasol.

Akasol already supplies the first generation battery system with capacity of 50kWh to several business units of the customer. It will be followed in 2020 by the second generation 66kWh unit the same size as the first generation system.

From 2021, capacity increases to 100kWh per pack with the third generation. The increased capacity is due to a newly developed cylindrical cell module.

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The system enables ranges for electric buses or trucks of up to 700km.

The third generation also remains capable of fast-charging and can be charged at up to 500kW.

The battery systems will be produced at the new headquarters in Darmstadt from 2021 and at a new US factory in Detroit from 2022.

The first- and second-generation battery systems are produced at a site in Langen/Hesse.

A second production line will already be installed at this site by the end of this year to start second generation systems production by mid-2020 – six months earlier than scheduled.