Romeo Power selected by key customer as sole provider of lithium-ion batteries for next gen electric vehicle.
Decision supports Romeo Power’s focus on designing innovative, versatile commercial battery solutions for the evolving EV market.
Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, announced that the Company has been selected by a U.S. manufacturer of Low-Speed Electric Vehicles (LSEVs) as the sole provider of lithium-ion batteries for its next generation vehicle.
These LSEVs are affordable, road-ready transportation options for food, packages and other resources, and are also ideal for campus mobility and last-mile distribution applications.
Susan Brennan, Romeo’s Chief Executive Officer, said:
We are pleased to have been chosen as the battery supplier for our valued customer, and we believe it provides further validation of our technology and the value proposition we offer to OEMs,
“This partnership allows Romeo to fulfill our customer’s need for versatile commercial battery products sourced in North America.”
“Our customer’s next generation LSEVs will feature a sleek design, functionality, affordability and sustainability, making it an attractive option for fleet managers who constantly seek ways to enhance performance while reducing costs,” Brennan added.
“Romeo Power’s high-quality lithium-ion battery solutions, which are designed and assembled in the U.S., suit the fit, form and function needed for our customer’s vehicles, while delivering high performance and superior safety properties.”
“Our premium battery product will support our customer’s goal to deliver a high reliability LSEV for domestic and international markets.”
Brennan concluded that this agreement is a win-win for both organizations. “Romeo Power and our customer are both very excited about this opportunity, and we look forward to formally announcing the details of this strategic partnership in the near future.”
Romeo Power’s Chief Technology Officer AK Srouji, PhD, highlighted four key areas of the Company’s expertise driving its customer’s selection of Romeo Power products over other options, including:
- Romeo’s standard modules provide the necessary energy required in a small form factor to meet the customer’s unique vehicle configuration requirements.
- Romeo Power’s highly configurable battery solutions meet the customer LSEV’s requirement for a mid-range voltage battery module, whereas competitors offered only high-voltage or low-voltage solutions.
- Romeo Power’s standard battery solution comes fully compatible with the manufacturer’s customized in-house battery Thermal Management System (TMS), ensuring optimal performance and longevity of the battery. With the ability to properly control battery temperatures for vehicle operations and recharging, the customer’s new LSEV will be fully operational in a wide range of climates and locations.
- Romeo Power’s innovative design offers its customer the ability to implement the latest generation of battery technology, which will keep its products relevant well into the future. Romeo’s modules also come with industry-leading lithium-ion cells and applicable certifications to meet mandatory U.S. transportation and other regulations.
About Romeo Power, Inc.
Founded in 2016 and headquartered in Los Angeles, California, Romeo Power (NYSE: RMO) is an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications.
The Company’s suite of advanced battery electric products, combined with its innovative battery management system, delivers the safety, performance, reliability and configurability its customers need to succeed. To keep up with everything Romeo Power, follow the Company on social media, @romeopowerinc or visit RomeoPower.com
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Romeo Power Selected by Key Customer as Sole Provider of Lithium-Ion Batteries for Next Gen Electric Vehicle, Los Ángeles, May 6, 2022
