Archer selects Molicel as battery cell supplier for its Midnight™ production aircraft – Yahoo Finance | CarTailz

  • As a world-class manufacturer of high-performance, high-quality rechargeable lithium-ion battery cells, Molicel brings over 40 years of manufacturing and supply chain experience to Archer’s growing list of suppliers

  • The selection of Molicel marks another important step toward Archer’s goal of developing the supply base needed to reliably craft Midnight at scale

SANTA CLARA, Calif. & TAIPEI, Taiwan, November 16, 2022–(BUSINESS WIRE)–Archer Aviation Inc. (NYSE: ACHR), a leader in electric vertical take-off and landing (eVTOL) aircraft, and E-One Moli Energy Corp. (Molicel), an industry-leading supplier of lithium-ion battery cells, announced today that they have signed a letter of intent for Molicel to manufacture and supply the battery cells for Archer’s Midnight electric vertical take-off and landing aircraft (eVTOL).

Focused on building an aircraft tailored to the needs of inner-city travel, Archer is optimizing its Midnight aircraft to perform short-haul flights of about 20 miles at a time with about 10-minute charge cycles in between. Batteries are an important consideration in achieving Midnight’s desired payload, range and charge time. The ability to operate eVTOL aircraft in dense, urban environments requires state-of-the-art, reliable battery cells that can deliver high power, low impedance, and fast charging capabilities.

Molicel’s advanced battery technology and rapidly growing production capacity make Molicel an ideal partner for Archer on its path to commercialization. Last year, Molicel announced plans to build its first gigafactory in Taiwan, which is expected to ramp up production in 2023. The facility will have the capacity to produce 1.8 gigawatt hours (GWh) of battery capacity annually. Molicel’s high performance cells also offer significant life when used in Archer’s battery pack, and as a result reduce long-term operating costs for its Midnight production aircraft. By partnering with a world-class battery supplier that can reliably manufacture cells at scale, Archer can reduce its certification risk, development time and cost.

“Molicel recognizes that safety and reliability are of the utmost importance, but we still need to ensure we live up to our shared values ​​of social responsibility and sustainability,” said Adam Goldstein, CEO of Archer. “We are proud to leverage Molicel’s more than 40 years of mass manufacturing experience in the battery industry to deliver on the promise of electrifying the airline industry and advance Archer’s mission to unlock the skies – and give freedom to everyone to re-imagine how he moves and spends time.”

With this relationship with Molicel, Archer continues its push towards commercialization. Archer has now selected more than 64% of its suppliers for its bill of materials, including many of the world’s leading companies in the design, development and manufacture of aircraft components.

“Molicel is dedicated to working as the main battery cell partner for leading players in the eVTOL application. By working with Archer today, it demonstrates a good model, our powerful power cell technology, state-of-the-art commercial manufacturing capabilities and expansion plans are key values ​​we add to our partners. We hope to see the big impact that Midnight will bring to the market, in terms of technology, safety and above all, to prove a profitable business model that a new technology can offer to the world while being sustainable and responsible for the environment said Casey Shiue, President of Molicel.

Molicel’s 40 years of industry-leading experience in the battery industry and rapidly expanding manufacturing capacity were key factors in Archer’s decision to select Molicel as Midnight’s battery supplier. Molicel focuses on demanding, high-performance applications of its batteries, with its technology already being used in aerospace, advanced automotive and power tool applications.

About Archer

Archer designs and develops electric vertical take-off and landing aircraft for use in urban air mobility networks. Archer’s mission is to unlock the skies and give everyone the freedom to re-imagine how they move and spend time. Archer’s team is based in Santa Clara, CA. To learn more, visit www.archer.com.

About MOLICEL

With over 40 years of rechargeable lithium-ion battery experience and innovative technological research and development, MOLICEL® is famous for its excellent power density product, which offers high discharge and fast charge capability while maintaining good energy density. The company is recognized as the first choice for world-leading manufacturers in applications such as sports cars/motorcycles, VTOL, aerospace and high-performance tools. MOLICEL® R&D and engineers have core competencies in materials research, cell design and advanced manufacturing, and testing capacity. These four cornerstones give this medium-sized but technologically leading cell manufacturer a very competitive position in the market. MOLICEL® is part of the energy business of Taiwan Cement Corporation (TCC). TCC is the first listed company on the Taiwan Stock Exchange. The group has business units in Power Plant, Renewable Energy and BESS.

Source: Archer
Text: ArcherIR

Forward-Looking Statements

This press release contains forward-looking statements regarding our future business plans and expectations, including statements regarding our Midnight aircraft. These forward-looking statements are only predictions and actual results could differ materially due to a variety of factors. The risks and uncertainties that could cause actual results to differ from projected results are discussed in more detail under the heading “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2021 and in our quarterly report Form 10-Q for the three months ended March 31, 2022 and other documents filed by us with the SEC from time to time, available on the SEC’s website at www.sec.gov. In addition, please note that all forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. We assume no obligation to update these statements as a result of new information or future events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221116005704/en/

contacts

archer
Samuel Swanson
sswanson@archer.com

MOLICEL
Emma Dong
Emmadong@molicel.com

For investors investoren@archer.com

Leave a Comment