Maxwell puts lifetime value of ultracap subsystem deal with Geely/Volvo at ~$100M
Green Car Congress
MAY 14, 2018
Maxwell Technologies is putting the lifetime value of its recently announced deal to provide ultracapacitor-based subsystems to Zhejiang Geely Holding Group (Geely), the parent company of leading brands such as Volvo and Geely Auto ( earlier post ), at $100 million. Under the deal, Maxwell will provide multi-cell ultracapacitor subsystems with power electronics that will be applied in Geely and Volvo mild-hybrid and plug-in hybrid electric vehicles.
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