Maxwell signs $100m ultracapacitor deal with Volvo maker : Page 2 of 2

May 15, 2018 //By Nick Flaherty
Maxwell signs $100m ultracapacitor deal with Volvo maker
Maxwell Technologies has won a $100m deal for ultracapacitors with the maker of Volvo cars.

"The Maxwell ultracapacitor subsystem has proven to provide significant support for our hybrid cars and will be able to economically handle the challenging peak power demands in a way that batteries alone cannot. We are confident that through our partnership with Maxwell, we will be able to successfully introduce innovative and differentiated features into our core platform offerings while providing an improved and reliable driving experience to our customers."

The turnkey multicell subsystem combines ultracapacitors with power conversion electronics in Geely's Compact Modular Architecture (CMA) to supply power to a range of onboard applications.

"Today's announcement of the Geely design win and partnership represents a significant milestone for the team at Maxwell and validates that ultracapacitors are ideally suited to solve many of the challenges faced by the automotive industry as it readies for the coming global megatrend of the electrification of combustion engine vehicles. The team at Geely is at the forefront of incorporating breakthrough energy storage solutions to address these increasing electrification challenges. We are excited to partner with their world class team to further enhance our automotive energy storage portfolio and make it an integral part of their future vehicle lineup," said Dr. Franz Fink, CEO of Maxwell Technologies.

Over 6m cars uses Maxwell's utracapacitors through its start-stop designs to Continental in 2010, and has since supplied ultracapacitors to PSA and General Motors for start-stop applications and autonomous driving backup power, and to Lamborghini for regenerative braking. The ultracapacitors are AEC-Q200 and VDA 6.3 certified, and the company passes the rigorous TS16949 industry certification.

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