German battery pack manufacturer Akasol announced a dynamic growth of demand in the U.S., where the company is setting up its first North American production site in Hazel Park, Michigan. The ...

German company Akasol, which makes lithium-ion batteries for a wide range of vehicles, announced its plans to open a new manufacturing facility in the metro Detroit area. Akasol said it’s opening a ...

German battery specialist Akasol recently expanded its partnership with Samsung SDI, placing a new order for a total of 13 GWh of lithium-ion cells and modules by 2027. Those batteries will be used in ...

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital. So it might ...

Akasol AG (ETR:ASL) shareholders should be happy to see the share price up 18% in the last month. But that doesn't change the reality of under-performance over the last twelve months. In fact, the ...

BorgWarner Inc. (NYSE: BWA) will pay $880 million to acquire commercial vehicle battery maker AKASOL. The European manufacturer has $2.4 billion in business booked with major truck makers including ...

Akasol continues to build on its modular approach and offers commercial vehicle manufacturers and other users high flexibility: the company presents three exemplary lithium-ion battery systems at ...

Akasol is expected to continue to be run independently from its Darmstadt headquarters, and BorgWarner intends to be represented on the supervisory board in a manner that appropriately reflects its ...

Akasol AG, based in Darmstadt, Germany, was founded in 1990 and has since emerged as a leading European manufacturer of high-performance, lithium-ion battery systems for commercial vehicles, rail ...

Sales growth of 45.1% to EUR 13.6 million in the first nine months of 2018 (9M 2017: EUR 9.4 million) Order backlog through 2024 at steady high level of EUR 1.47 billion Adjusted EBIT of EUR 1.2 ...

Gift Article 10 Remaining As a subscriber, you have 10 articles to gift each month. Gifting allows recipients to access the article for free. Auburn Hills-based BorgWarner Inc. has agreed to acquire a ...

(RTTNews) - BorgWarner Inc. (BWA) Monday announced an agreement to acquire the German developer and manufacturer of high-energy and high-performance lithium-ion battery systems Akasol AG. The provider ...