- Ford, General Motors and Rivian announce adoption of NACS
standard in North America
- ADS-TEC Energy offers NACS charging capabilities for its
ultra-fast charging systems for the U.S. market.
- ADS-TEC Energy's unparalleled depth of development enables it
to quickly respond to changing market conditions.
ADS-TEC Energy (NASDAQ: ADSE), a leading provider of
battery-based ultra-fast charging systems in Europe and the U.S.,
today announced it is open to supporting all options for charging
system standards. The two largest vehicle manufacturers in the
United States, Ford and General Motors (GM), among others, recently
announced plans to adopt Tesla's North America Charging Standard
(NACS) for plugs and charging protocols for electric vehicles
(EVs). This raises the question of whether NACS will displace the
Combined Charging System Combo 1 (CCS1) standard in North America
or whether they can exist in parallel in the long term. It also
presents implications for existing EVs and future EV development
and equipment, as well as for the further expansion of charging
infrastructure and the development of e-mobility in the U.S. and
worldwide.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230629014689/en/
ADS-TEC Energy today announced that its
battery-based, ultra-fast EV chargers support both the NACS and
CCS1 charging standards in the U.S. (Graphic: Business Wire)
"Whatever a future standard in the U.S. will look like, we can
develop the solutions for it," said Thomas Speidel, CEO of ADS-TEC
Energy. "Based on our very in-depth development, we are capable of
taking action and will continue to offer solutions for vehicles
with the NACS connector."
The company is committed to the U.S. automotive market—one of
the most important in the world—where electric mobility is only
just beginning. ADS-TEC Energy was listed on NASDAQ at the end of
2021 and established a presence in the U.S. at the end of 2022 with
a site in Auburn, Alabama.
With its products and services, ADS-TEC Energy pursues the goal
of providing battery-based, ultra-fast charging solutions to expand
the charging infrastructure for EVs where it is needed: in inner
cities and rural areas. Its flagship solution, the ADS-TEC Energy
ChargeBox, offers up to 320 kW of charging power with connection to
existing power-constrained grids, without additional expansion of
the grid, providing fast, reliable charging in minutes rather than
hours for EV users.
Until now, it was generally accepted that the combined charging
standards—CCS1 for the U.S. and CCS2 for Europe—would be the norm.
As a pioneer of electric mobility, Tesla initially had its own
proprietary fast-charging standard, but this was replaced in Europe
in favor of the CCS2 standard. Some Tesla charging stations in
Europe still offer both standards as a transition with two cables
and plugs each (Tesla specific as well as CCS2), whereas all new
Tesla charging stations in Europe only provide CCS2. In the U.S.,
the same development had been expected: a transition by Tesla to
CCS1 as its only US standard. However, Ford, GM and Rivian recently
surprised the industry by announcing that they will support NACS as
the future standard. It will be interesting to see how this will
impact the largest car market in the world and existing CCS1
charging infrastructure as well as what it means for car
manufacturers with existing CCS1 vehicles.
The debate over a single U.S. standard is still expected to
continue. Even though Tesla has the largest installed base of fast
chargers, they have been designed for 400 volts, to date, and more
and more 800-volt vehicles are coming to the market. This means
that there will have to be upgrades here, as well. So why not just
switch to CCS1? At many existing chargers, there are also questions
about cable lengths and plug configurations for the various
manufacturers' cars.
According to Tesla, it currently operates 45,000 Supercharger
charging points worldwide, of which around 12,000, or 60%, are in
the USA and Canada, and around 10,000 in Europe. It remains to be
seen how the other global automakers will react to the announcement
by NACS with regard to CCS1.
The CCS2 standard is already established in Europe with over
440,000 charging points at the end of 2022. The Biden
Administration also favors and promotes the CCS approach. It
therefore will be interesting as other powerful e-mobility
organizations in the US weigh in. ADS-TEC Energy's expertise and
flexibility are important assets in dealing with these
developments. In addition to the connector format, charging port
locations on the vehicle, cable lengths, voltage levels, current
strengths and safety standards of car manufacturers and charging
infrastructure providers must also be considered.
ADS-TEC Energy is optimally positioned to respond to changes
with its highly integrated and storage-based system platforms
consisting of hardware, software and services. ADS-TEC Energy's
existing CCS1 charging systems can already charge NACS vehicles
with a plug adapter.
Thomas Speidel affirms: "Our existing CCS1 charging systems can
already charge NACS vehicles with a plug adapter. It would be
disadvantageous to permanently maintain both standards, which
actually only differ in the plug pattern. For the sake of
e-mobility, we can only hope that only one standard will actually
prevail for North America. We will follow suit."
About ADS-TEC Energy
ADS-TEC Energy plc, a public limited company incorporated in
Ireland and publicly listed on NASDAQ (“ADS-TEC Energy”), serves as
a holding company for ads-tec Energy GmbH, our operating company
incorporated in Germany (“ADSE GM”) and ads-tec Energy Inc., a US
subsidiary of ads-tec Energy GmbH (“ADSE US” and together with
ADS-TEC Energy and ADSE GM, “ADSE”). Based on more than ten years
of experience with lithium-ion technologies, ADS-TEC Energy
develops and manufactures battery storage solutions and fast
charging systems including their energy management systems. Its
battery-based, fast charging technology enables electric vehicles
to ultrafast charge even on low powered grids and features a very
compact design. It was most recently nominated by the President of
the Federal Republic of Germany for the German Future Prize and
elevated to the "Circle of Excellence" in 2022. The high quality
and functionality of the battery systems are due to a particularly
high depth of development and in-house production. With its
advanced system platforms, ADS-TEC Energy is a valuable partner for
automotive, OEMs, utility companies and charge-operators.
More information: www.adstec-energy.com
Forward-looking Statements
This press release contains forward-looking statements within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include statements regarding our
financial outlook for 2023, our expectations with respect to future
performance and the anticipated timing of certain commercial
activities. There are a significant number of factors that could
cause actual results to differ materially from the statements made
in this press release, including: the impact of the COVID-19
pandemic, geopolitical events including the Russian invasion of
Ukraine, macroeconomic trends including changes in inflation or
interest rates, or other events beyond our control on the overall
economy, our business and those of our customers and suppliers,
including due to supply chain disruptions and expense increases;
our limited operating history as a public company; our dependence
on widespread acceptance and adoption of EVs and increased
installation of charging stations; our current dependence on sales
to a limited number of customers for most of our revenues; overall
demand for EV charging and the potential for reduced demand for EVs
if governmental rebates, tax credits and other financial incentives
are reduced, modified or eliminated or governmental mandates to
increase the use of EVs or decrease the use of vehicles powered by
fossil fuels, either directly or indirectly through mandated limits
on carbon emissions, are reduced, modified or eliminated; supply
chain interruptions and expense increases; unexpected delays in new
product introductions; our ability to expand our operations and
market share in Europe and the U.S.; the effects of competition;
changes to battery energy storage standards; and the risk that our
technology could have undetected defects or errors. Additional
risks and uncertainties that could affect our financial results are
included under “Item 3. Key Information – 3.D. Risk Factors” in our
annual report on Form 20-F filed with the Securities and Exchange
Commission (the “SEC”) on May 11, 2023, which is available on our
website at https://www.ads-tec-energy.com/en/company/invest and on
the SEC’s website at www.sec.gov. Additional information will also
be set forth in other filings that we make with the SEC from time
to time. All forward-looking statements in this press release are
based on information available to us as of the date hereof, and we
do not assume any obligation to update the forward-looking
statements provided to reflect events that occur or circumstances
that exist after the date on which they were made, except as
required by applicable law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230629014689/en/
Media:
ADS-TEC Energy Europe: Dennis
Müller SVP Product Marketing & Communication
press@ads-tec-energy.com
Media – United States: Stephannie
Depa Breakaway Communications sdepa@breakawaycom.com +1 530 864
0136
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