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AMTE Power and Cosworth sign MoU to develop next-gen engines for EVs, Auto News, ET Auto

New Delhi:
AMTE Power Plc, a manufacturer of battery cells on Friday signed a memorandum of understanding (“MoU”) with automotive engineering company Cosworth to support the development of next-generation electric vehicles.

The non-binding MoU paves the way for AMTE Power to supply its Ultra High Power (“UHP”) cells for use in Cosworth’s advanced propulsion technologies.

Kevin Brundish, CEO of AMTE Power, commented, “This collaboration with Cosworth is the start of a partnership that will see our market-leading UHP cell used to power electric vehicles across high-performance automotive, aerospace and marine markets. It’s another key step in our journey as we scale up production and move towards commercialization.”

A partner to major OEMs, Cosworth designs innovative battery and electric vehicle solutions to power the high-performance automotive, aerospace and marine sectors. Following its recent acquisition of electrification specialist Delta, the company has accelerated its development of battery systems to complement its market-leading electrified powertrains and engines.

AMTE Power’s cell technology will be used in Cosworth’s technologies which are developed at the engineering company’s state-of-the-art facilities, a company statement said.

The differentiated UHP lithium-ion cell is specifically designed by AMTE Power to meet the requirements of the electric vehicle market, balancing power, weight and safety needs. With rapid charging and discharging time, the cell is ideally suited for use within Cosworth’s advanced technologies and end-to-end vehicle solutions.

With fully-owned intellectual property rights for the product, AMTE Power is in the advanced stages of developing the UHP cell which is currently going through scale-up and testing trials at the UK Battery Industrial Centre (“UKBIC”), it said.

Along with manufacturing at the facility, the business is accelerating the production of its cells at its production factory in Thurso, Scotland.

AMTE Power has recently announced a series of commercial opportunities as it scales up production of its next-generation battery cells to support the net-zero transition and continues its pathway towards commercialization. To support this growth, the Company announced last week the location for its first Megafactory in Dundee, Scotland, which will enable AMTE Power to produce its cells in the UK at an industrial scale and get its high-value products to market quickly and efficiently.

Hal Reisiger, CEO of Cosworth, added, “At Cosworth, we are committed to playing a leading role in the development of future technology in the high-performance automotive space. The new co-operation with AMTE Power will further strengthen our existing capabilities in this important area.”

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