Press release
ADS-TEC Energy Names GenZ EV Solutions as Automotive Industry Distributor for its Battery-Buffered, Ultra-Fast Electric Vehicle Charging Solutions in the Americas
NÜRTINGEN, Germany, March 4, 2022 /PRNewswire/ -- ADS-TEC Energy (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, today
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[{"type":"text","content":"NÜRTINGEN, Germany, March 4, 2022 /PRNewswire/ -- ADS-TEC Energy (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, today announced that GenZ EV Solutions (GenZ EV) has been designated distributor of its electric vehicle (EV) charging solutions to the automotive market in North America and South America. GenZ EV, a new company founded by automotive industry veterans with deep expertise, will be distributing ADS-TEC Energy charging technology to automotive OEMs, automotive dealerships and automotive fleet companies. There are over 18,000 automotive dealers in the U.S. alone, representing a multi-billion dollar market opportunity.\n\n \n \n \n \n \n \n\n \n\"We are excited to collaborate with ADS-TEC Energy,\" said José Valls, CEO, GenZ EV, who was previously chairman of Nissan North America. \"We evaluated many options for technology partners and chose ADS-TEC Energy because of the company's deep experience in battery technologies. Their cutting-edge charging solution brings unique benefits to the automotive industry, such as ease of install and the ability to draw energy from existing, low-power energy grids to deliver a consistent, ultra-fast charge.\"\nADS-TEC Energy's battery-buffered technology enables widespread, ultra-fast charging (up to 320 kW) on existing power-limited grids without additional infrastructure power upgrades. This will make it easier for automotive businesses to quickly install EV chargers and bring the benefits of ultra-fast charging to their expanding fleets of EVs and customers. It also allows for the introduction of ultra-fast charging to locations where it was previously unavailable such as city centers, and remote and rural areas.\n\"The GenZ EV team is the ideal distribution partner for our technology, bringing decades of automotive industry experience and established relationships,\" said Gowton Achaibar, president and CEO, ADS-TEC Energy. \"Together, we'll be making it easier for customers to deploy ultra-fast charging on site, which will be a critical asset to their businesses, both in terms of costs and convenience, as inventories of EVs increase.\"\nGenZ EV, which officially launched as a company in late February, will be offering ADS-TEC Energy's charging systems along with a suite of premium services for automotive businesses transitioning into eMobility.\nA...