The coronavirus pandemic has put the kibosh on many companies’ plans around the globe but not those of battery producer AKASOL. The company’s second serial production line for lithium-ion battery systems at its Langen, Germany, production site is now operational – six months ahead of schedule.
The company has more than doubled its production capacity from 2019.
“Of course, we expect a short-term decline in demand as a result of the steps taken to contain and slow down the spread of the coronavirus,” said AKASOL CFO Carsten Bovenschen. “Nevertheless, we expect a strong second half of 2020.”
AKASOL says it expects no disruption to supply chains as a result of the crisis.
“With the planned expansion of production capacities in Langen and Hazel Park, Michigan, we are already creating a solid foundation for further, sustainable growth this year,” Bovenschen added. “Expanding our production facilities also strengthens our leading role as a strategically important partner for the gradual electrification of the commercial vehicle sector.”