A123Systems to Supply Li Ion Cells for Shanghai Automotive Hybrid Vehicles
A123Systems to Supply Li Ion Cells for Shanghai Automotive Hybrid VehiclesSOURCE: Delphi Corporation
Delphi to Supply SAIC Motor with Hybrid Technology
Vehicles expected to hit the market by 2010
SHANGHAI, CHINA – Delphi Corporation announced an agreement reached to supply hybrid technology to the SAIC Motor Corporation Limited (SAIC Motor) for the mild Hybrid Electric Vehicle. This groundbreaking deal will bring SAIC Motor, currently the top OEM in the Chinese market, Delphi’s leading hybrid solutions to better meet the demands of local consumers for cleaner, more energy-efficient vehicles.
“We are excited to have this opportunity to work more closely with SAIC Motor,” said Thomas Goesch, managing director of Delphi’s Power Electronics product business unit. “It has always been our goal to bring more hybrid technologies to OEM customers in the Chinese market, but to do this with someone as influential in the market as SAIC Motor is truly an honor.”
Through years of work dedicated to developing reliable high-performance power electronics, Delphi has emerged as a leader in the field of hybrid technology. The upcoming SAIC Hybrid Electric Vehicle, which is expected to hit the market as early as in 2010, will feature Delphi’s unique mild hybrid vehicle product. This product is designed for easy electrical and mechanical integration into existing vehicles and includes a hybrid control unit, inverter motor drive and controller, DC/DC converter, battery pack and controls, battery disconnect, and thermal management subsystems. SAIC Motor is responsible for the vehicle-level system integration, hybrid control strategy and development of the software in the project.
In addition to converting high-voltage battery power to lower voltages used in lighting and 12-volt accessories, Delphi’s hybrid product provides several additional benefits. The hybrid control unit coordinates the engine/generator torque to achieve peak vehicle performance, reduced emissions and better fuel-efficiency. The inverter generates power to drive motors and generators, while the battery pack provides and recycles the energy used for starting and accelerating the vehicle.
A central feature of the system’s design is its energy storage system, an air-cooled Lithium-Ion Battery Pack. The battery pack is fully designed and integrated by Delphi using patented nanophosphate-based lithium ion cells from A123Systems, an American-based company with roots in the world-renowned Massachusetts Institute of Technology (MIT). A123 provides energy storage products for electric grids, portable power and transportation.
“A123 is proud to have been selected by Delphi as the battery provider for SAIC Motor’s hybrid vehicle. Active collaboration throughout the hybrid vehicle supply chain is vital to delivering vehicles to consumers around the world that pollute less, reduce energy costs and provide superior performance,” said David Vieau, A123Systems president and chief executive officer.
Delphi’s work with A123Systems to support SAIC Motor is part of a larger effort to help develop alternative-energy vehicles in the local Chinese automotive industry. Delphi has customer centers throughout Asia plus manufacturing facilities in Suzhou, which will serve as the primary center for production of this system. Delphi’s China Technical Center (CTC) in Shanghai will provide critical technical support throughout the product development cycle. The CTC is a state-of-the-art research and testing facility with an outstanding engineering team and a fully-equipped highvoltage power electronics lab for hybrid and electric vehicle development in which Delphi has already invested more than US$400,000.
Recognizing the importance of creating more energy-efficient automotive alternatives toward sustainable development, Delphi began working on the foundation of modern hybrid technology more than twenty years ago. As one of the top international producers of hybrid technology, Delphi is responsible for the production of power electronics like DC/DC converters and DC/AC inverters as well as motor controllers, battery packs, battery pack controllers and vehicle controllers. Delphi is also involved in various partnerships and strategic relationships to produce battery cells, electric motors and transmissions for hybrids. These components are all essential to properly functioning hybrid vehicles.
“Delphi is capable of providing hybrid solutions to meet the needs of a wide range of applications from micro hybrid stop-start systems to plug-in hybrids and range extended electric vehicles. We are supporting our Chinese customers locally by growing our Asia region engineering capability. Over the past two years we have expanded our Asia-Pacific hybrid design center and are planning for localized manufacturing of our hybrid components and systems” explained John Absmeier, Asia Pacific director of business development and manager of advanced engineering for hybrid and electric vehicles and power electronics, Delphi Corporation. “Delphi is helping to increase the availability of cost-saving, environmentally-friendly hybrid technology to consumers in China.”
This latest agreement with SAIC Motor is the next step in realizing Delphi’s bold vision to provide Chinese OEMs with the most reliable and cost-effective hybrid and electric vehicle solutions on the market, and further reinforces its position as an innovator in energy-saving technologies.
For more information about Delphi Corp., visit www.delphi.com.
Release: Delphi Automotive System (China)
Contact: Scarlett Liu
Tel: 021-2896 7336
Fax: 021-5046 3937
Media Contact: Hill & Knowlton (China) Public
Relations Co., Ltd.
Contact: Tony Dong / Bindy Wang
Tel: 021-5109 7070
Fax: 021-5407 5700
This press release as well as other statements made by Delphi may contain forward-looking statements that reflect, when made, the Company’s current views with respect to current events and financial performance. Such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company’s operations and business environment which may cause the actual results of the Company to be materially different from any future results, express or implied, by such forwardlooking statements. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: the ability of the Company to continue as a going concern; the ability of the Company to operate pursuant to the terms of the debtor-in-possession financing facility, its advance agreement with GM, to obtain an extension of term or other amendments as necessary to maintain access to such facility and advance agreement, and partial temporary accelerated payments agreement with GM; the Company’s ability to obtain Court approval with respect to motions in the chapter 11 cases prosecuted by it from time to time; the ability of the Company to achieve all of the conditions to the effectiveness of those portions of the Amended and Restated Global Settlement Agreement and Amended and Restated Master Restructuring Agreement with GM which are contingent on Delphi’s emergence from chapter 11; the ability of the Company to obtain Court approval to modify the Plan which was confirmed by the Court on January 25, 2008, to confirm such modified plan or any other subsequently filed plan of reorganization and to consummate such plan; risks associated with third parties seeking and obtaining Court approval to terminate or shorten the exclusivity period for the Company to propose and confirm one or more plans of reorganization, for the appointment of a chapter 11 trustee or to convert the cases to chapter 7 cases; the ability of the Company to obtain and maintain normal terms with vendors and service providers; the Company’s ability to maintain contracts that are critical to its operations; the potential adverse impact of the chapter 11 cases on the Company’s liquidity or results of operations; the ability of the Company to fund and execute its business plan as described in the proposed modifications to its Plan as filed with the Court and to do so in a timely manner; the ability of the Company to attract, motivate and/or retain key executives and associates; the ability of the Company to avoid or continue to operate during a strike, or partial work stoppage or slow down by any of its unionized employees or those of its principal customers and the ability of the Company to attract and retain customers. Additional factors that could affect future results are identified in the Annual Report on Form 10-K for the year ended December 31, 2008 filed with the SEC, including the risk factors in Part I. Item 1A. Risk Factors, contained therein. Delphi disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new nformation, future events and/or otherwise. Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company’s various prepetition liabilities, common stock and/or other equity securities. It is possible that Delphi’s common stock may have no value and claims relating to prepetition liabilities may receive no value.
SOURCE: Delphi Corporation
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