French battery system specialist Forsee Power has recently inaugurated its battery system production plant in Poitiers. The plant will produce batteries addressed to heavy-duty electric vehicles. It consists of more than 15,000 square meters with more than 200 employees and 5 assembly lines with a production capacity of nearly 1 GWh per year. The goal is to reach 4 GWh by 2027.

Forsee Power to get financial support

Thanks to the financial support of the State, the New Aquitaine region and the “Federal Mogul” revitalization fund, the company now benefits from a unique production site of more than 15,000 sqm, divided between production, storage, office, social and R&D areas.

Forsee Power’s development roadmap is based on «the opening of an industrial site in the United States, for which the company is currently prospecting, with the aim of starting up operations by the end of 2022; the development of commercial partnerships, particularly in the high value-added markets of off-highway and rail vehicles; the roll-out of the sustainable development roadmap, with the release of extra-financial performance statement, including a section on the European taxonomy, to be published in the coming weeks; the ongoing R&D activities in order to consolidate its technological leadership and expand its product and service offering».

A comment by Chairman Christophe Gurtner

Christophe Gurtner, Founder, Chairman and Chief Executive Officer of Forsee Power, said: «During this first quarter of 2022, Forsee Power posted good commercial performances, particularly in the light vehicle segment. In a challenging environment marked by uncertainties related to the Covid-19 crisis in China, where the Group operates one of its four production sites, indirect consequences related to the conflict in Ukraine (logistical impacts between Asia and Europe, increase in raw material prices) and tension on the supply of certain electronic components, our quarterly revenues nevertheless grew by +11% and our order book for 2022 continues to strengthen. As a reminder, as of January, 31st 2022, the backlog was already higher than the revenue generated in 2021. Thus, we continue to build on our leading position in the expanding sector of zero-emission mobility by winning numerous tenders from new customers. We look forward to the rest of the year with confidence thanks to our close relationships with our customers and historical partners and we are committed to following our development plan with the necessary discipline in order to achieve our long-term financial objectives».

Highlights

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