Boston-Power Begins Production at New Lithium-Ion Battery Manufacturing Plant

WESTBOROUGH, Mass., and Beijing, China - June 11, 2013 - Boston-Power, Inc., an industry leading developer and manufacturer of lithium-ion cells and energy storage technologies, announced today that it has commenced production activities at its newly built lithium-ion battery plant located in Liyang Zhongguancun Science & Technology Zone, Jiangsu Province. This state-of-the-art, highly automated plant will more than double the company's current Asian-based manufacturing capacity.

Starting in 2009, a strategic supply chain decision was made to expand Asia operations to meet projected market demand, and in 2011 Boston-Power focused that expansion on the electric vehicle (EV) market.  Boston-Power's Liyang manufacturing plant has been designed to manufacture lithium-ion cells, modules, packs and systems. This new factory is a key part of Boston-Power's plan to further establish itself as a world-class battery supplier with leading edge technology. 

“The new plant will continue Boston-Power's tradition of high quality standards by implementing Six Sigma quality control and leading manufacturing execution systems imparting real-time quality management and efficient cost control," said Eric Tu, Boston-Power's COO. "We have worked very hard to design and implement best-in-class equipment, systems and processes and are eager to optimize our operations over the coming months to reach our production goals.”  

This new factory will allow Boston-Power to focus on meeting the stringent needs of the EV automotive market, while still offering high quality solutions for applications like ruggedized consumer and industrial devices, robotics, medical devices, aerospace, military and stationary power.

ABOUT BOSTON-POWER

Boston-Power is a developer and manufacturer of next-generation lithium-ion battery cells, blocks, modules and systems. Designed to fuel a wide range of applications, its flagship offerings, Swing and Sonata?, serve as the foundation for a new era of longer lasting, faster charging, safer and environmentally sustainable batteries. The company's Swing® product delivers unmatched capabilities for Battery Electric and Plug-In Hybrid Electric Vehicles (BEV/PHEV), and utility energy storage applications. Sonata® delivers industry leading performance to a wide range of portable power and industrial applications.

Boston-Power is a global company with R&D centers in Westborough, Massachusetts, USA and Beijing, China, and mass manufacturing operations based in Asia. The company is funded by top-tier venture capital firms GSR Ventures, Foundation Asset Management and Oak Investment Partners. www.boston-power.com

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Boston-Power logo, Sonata® and Swing® are trademarks of Boston-Power, Inc. Other brand names or product names are trademarks or registered trademarks of their respective owners. Boston-Power is an ISO 9001:2008 and ISO/TS 16949:2009 company.

For more information contact: [email protected]