• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, June 20, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Future Tech Clean Energy

Octillion Targeting Chinese Market by Selling EV Batteries

by Meghana Kandra
April 8, 2021
in Clean Energy, Electric Vehicles
Reading Time: 2 mins read
0
Octillion
TwitterWhatsappLinkedin

Octillion Power Systems is  California based battery supplier. With their target in China market, they aim to become one of the largest EV battery supplier globally.

You might also like

Audi Abandons EV Deadline: A New Roadmap for the Four Rings

Tesla Faces New Challenges as Austin Factory Pauses Production; Stock Slides 4%

Ferrari Hits the Brakes on Second Electric Car Amid Sluggish Demand

Credits- octillion.us

Chinese market

China is one of the highest countries in carbon emissions. The higher population means an increased number of private vehicles. Every electric vehicle company is focusing on China to have a global presence.

It isn’t just about potential, but also the government’s corporation. There are now laws, which allow the person who bought an electric vehicle to have a number plate too. As having a number plate takes months in China, the offer is an attractive one, luring its citizens to consider an EV as an option.

Besides the chip shortage, the EV sector has a battery problem. The majorly used battery is lithium-ion batteries, which Octillion is selling.

EV battery supply

Currently, the company is selling in the US market, in North America. They sell batteries to busses and motorbikes, to ABC companies and Lightening eMotors. These are fully electric vehicles, which have zero emissions.

The developed electric busses and motorbikes in Colorado are from current leading companies in the US market.

According to a statement given by the president of Octillion, Paul Beach, “While transportation is responsible for a quarter of global emissions, buses and diesel buses in particular play an outsized role in producing emissions that negatively impact the climate and environment. As people movers, they present these problems daily and up close to places where populations are most concentrated. Electrification of bus fleets has become a priority in many regions of the world, with nearly 500,000 EV buses now running globally.”

Furthermore, he also added, “Electric buses also offer the passenger less vibration, less noise, and zero exhaust. We seamlessly integrate our battery management system with the vehicle’s control unit, offering configurations of up to 800 volts and 640 kWh incapacity. That enables them to provide superior power and torque compared to diesel buses.”

Applying their similar tactics to China, and providing batteries to bikes and buses would be an ideal chance. In China, though Tesla has the largest market, local companies like Nio, are headed forward with higher sales ever.

Battery demand

The demand for electric batteries is immense, the manufacturing is a challenge. The Chief executive, Peng Zhou, stated, “Economies of scale alone, coupled with innovation, will be sufficient to reach the parity line by 2030.” Furthermore, he added, “We are assuming the carbon peak is going to occur and carbon neutrality is going to occur, and that pushes the entire sector.”

China now has tougher emission standards and more inclined towards environmentally friendly products. So, it shouldn’t be hard for Octillion to get into China market and make it global.

 

 

Tags: Electric vehiclebatteryevev batteryOctillion
Tweet54SendShare15
Previous Post

Facebook launches Clubhouse and Twitter Spaces rival, Hotline

Next Post

Fossil-Free Electric Steel Trucks by Volvo and SSAB

Meghana Kandra

Meghana studied PGD in Journalism, open university. She has more than five years of experience in content writing, from creative content development to online journalism. Electric vehicle enthusiast, engineer, and feminist.

Recommended For You

Audi Abandons EV Deadline: A New Roadmap for the Four Rings

by Samir Gautam
June 20, 2025
0
Audi Abandons EV Deadline: A New Roadmap for the Four Rings

In a notable shift in strategy, Audi has officially stepped away from its previously announced deadline to transition to a fully electric lineup by 2033. The German automaker,...

Read more

Tesla Faces New Challenges as Austin Factory Pauses Production; Stock Slides 4%

by Samir Gautam
June 19, 2025
0
Tesla Faces New Challenges as Austin Factory Pauses Production; Stock Slides 4%

Tesla Inc. shares tumbled nearly 4% on Tuesday, extending a rough start to the year for the electric vehicle (EV) giant. The decline came after fresh reports revealed...

Read more

Ferrari Hits the Brakes on Second Electric Car Amid Sluggish Demand

by Samir Gautam
June 18, 2025
0
Ferrari Hits the Brakes on Second Electric Car Amid Sluggish Demand

Ferrari, the legendary Italian sports car maker, is tapping the brakes on its second all-electric vehicle, with sources reporting the model will now launch in 2028, two years...

Read more
Next Post
fossil-free

Fossil-Free Electric Steel Trucks by Volvo and SSAB

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?