If you are interested in electric vehicles, you may have heard of Envision AESC, a battery technology company that claims to be the world’s leading provider of lithium-ion batteries for EVs. This innovative company is the leader of Formula E racing in 2023. But who is Envision AESC and what makes them stand out in the competitive battery market? Here are some facts you should know about this company.
- Envision AESC was established in 2007 as a joint venture between Nissan, NEC and Tokin Corporation, under the name Automotive Energy Supply Corporation (AESC).
- The company focused on developing and producing batteries for Nissan’s electric and hybrid vehicles, such as the Nissan Leaf, using innovative materials to increase energy density and decrease cost. [1] [2]
- In 2018, Nissan sold its battery businesses, including AESC, to Envision Group, a Chinese renewable energy company that also owns Envision Digital, a global leader in AIoT (artificial intelligence of things) solutions. Envision Group renamed AESC as Envision AESC and acquired the 49% stake held by NEC. The deal was valued at around $1 billion. [3] [4]
- Envision AESC has four battery production plants around the world: in Zama, Japan; Sunderland, UK; Smyrna, USA; and Wuxi, China. The company also has two R&D centers in Japan and the USA. The company employs around 5,000 people globally and has an annual production capacity of 7.5 GWh. [5] [6]
- Envision AESC’s batteries use a lithium manganese oxide (LMO) chemistry with a manganese spinel cathode, which offers high power density, long cycle life, safety and low cost. The company also uses laminated cells, which have better thermal management and packaging efficiency than cylindrical or prismatic cells. The company’s flagship product is the Gen5 battery, which has a gravimetric energy density of 265 Wh/kg and a volumetric energy density of 700 Wh/L. [7] [8]
- Envision AESC’s vision is to turn electric vehicles into green mobile personal energy sources that can participate in the renewable energy eco-system. The company leverages Envision Group’s AIoT platform, EnOS, to connect its batteries with smart grids, smart charging networks, renewable energy sources and other devices. The company aims to create a dynamic balance between supply and demand of clean energy and enable vehicle-to-grid (V2G) and vehicle-to-home (V2H) applications. [9] [10]
- Envision AESC is also working on developing next-generation batteries that can offer higher energy density, lower cost and longer range for EVs. The company expects to start producing batteries that can give EVs a range of at least 1,000 km (620 miles) in 2024. The company also plans to expand its production capacity to 30 GWh by 2025 and 110 GWh by 2030. [11] [12]
- Envision makes a 300ah LFP format cell named the Envision 305 which has been for sale in 2023 for about $75USD wholesale.
Envision AESC is a battery technology company that has a rich history, a global presence, a unique chemistry, a visionary strategy and an ambitious roadmap. The company is poised to play a key role in the electrification of mobility and the decarbonization of energy.
References:
[1] https://en.wikipedia.org/wiki/Automotive_Energy_Supply_Corporation
[2] https://www.envision-aesc.com/about-us/
[3] https://www.reuters.com/article/us-nissan-battery-sale-envision-idUSKBN1KO0QX
[4] https://www.envision-group.com/news/envision-group-completes-acquisition-of-nissans-electric-battery-business-and-announces-new-board-of-directors
[5] https://pitchbook.com/profiles/company/163739-80
[6] https://www.envision-aesc.com/locations/
[7] https://www.envision-aesc.com/technology/
[8] https://chargedevs.com/features/envision-aesc-the-worlds-leading-battery-technology-provider/
[9] https://www.envision-aesc.com/vision/
[10] https://www.envision-group.com/news/envision-group-launches-worlds-most-advanced-battery-platform-for-electric-vehicles/
[11] https://www.carscoops.com/2022/02/chinas-envision-aesc-to-make-batteries-with-1000-km-of-range-in-2024/
[12] https://www.bloomberg.com/news/articles/2021-10-21/china-s-envision-aesc-plans-to-quadruple-ev-battery-capacity
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