Balqon signs agreement to build electric buses in China

Under the agreement, SAIG will purchase Balqon’s electric drive system which SAIG will incorporate into a 22-foot bus chassis.

 

Balqon Corporation (OTCBB: BLQN), a California-based developer of commercial EVs, powertrains and battery storage systems, has signed a joint development agreement with Chinese firm Sichuan Automobile Industry Co (SAIG) to manufacture inner-city electric buses.

Under the agreement, SAIG will purchase Balqon’s electric drive system, featuring its proprietary ZEVQON Flux Vector AC controller and HIQAP high-energy lithium batteries, which SAIG will incorporate into a 22-foot bus chassis. Both companies will provide engineering resources for integration, testing and certification of the new buses for on-road use in China and North America.
 
“With the recent introduction of electric taxis in Sichuan Province, we have been leading the effort in design and development of electric passenger vehicles in West China,” said Mr Cao Guodong, President of Sichuan Automobile. “This agreement with Balqon Corporation allows us to leverage their experience and technical expertise in the heavy-duty truck and electric bus market.”
 
“China's recent regulatory initiatives and incentives to reduce diesel-powered vehicle emissions help commercial viability of new technology electric vehicles,” said Balqon CEO Balwinder Samra. “The increased rate of urbanization in China has led to renewed emphasis on reducing air pollution resulting from diesel-powered buses in urban centers throughout China.”
 
SAIG, a subsidiary of Fulin Group, owns and operates over 5,000 diesel inner-city buses in West China, and has recently received several grants from the Chinese government to produce low-emission vehicles.
 
 
Soucres: Balqon, SAIG