This award Kreisel landed has far-reaching implications for the EV industry because weight has always been the #1 enemy for cars, whether we are talking about electric or internal combustion engined cars.
Based in Rainbach, Austria, Kreisel Electric’s unique battery pack design and assembly technology caught Frost & Sullivan’s attention.
According to Frost & Sullivan’s Industry Manager, Prajyot N. Sathe, “Kreisel ensures that its battery pack offers maximum capacity with minimum weight. The company features the safest lithium-ion cells with a guaranteed service life of 400,000 kms: This makes it unique and remains the lightest battery on the market.”
Kreisel Electric appeared out of the woodwork to storm the electric automobile scene with an electrified Porsche Panamera that thrashed the back side of Tesla’s flagship Model S on a few key parameters.
This Austrian company says its patented laser-welding and thermal-cooling techniques give them an edge over Tesla because the method preserves the full power of the lithium-ion cells.
Owned and run by the three Kreisel brothers, Kreisel Electric GmbH, speaking to Bloomberg, says it’s fielding 20 inquiries a day from automotive icons including BMW AG, Mclaren Automotive Ltd. and Volkswagen AG.
These auto giants are asking the Kreisel brothers for help negotiating a U-turn away from fossil fuels to join the electric-vehicle revolution.
What are they up to?
In the past, the engineers at Kreisel have added electric powertrains to a Porsche Panamera, Volkswagen Caddy small pickup truck, and a Skoda Yeti, claiming ranges of more than 300 kilometers (185 miles) for the VW and the Skoda.
The all-wheel drive electric Porsche is a different beast and has a power output of 360 kilowatts (482 horsepower), a top speed of 300 kph (185 mph), and a range of 450 km (280 mi).
Also, Steve Mc Queen’s iconic Porsche 910 is now an electric original 910 beater, thanks to these mavericks.
Kreisel also announced an order for 2,000 electric powertrains placed by VDL Groep for use in Mercedes-Benz Sprinter vans.
Designing and delivering out of a three-door garage, the Kreisel brothers are making battery packs and electric motor drivetrains for plug-in cars, boats and airplanes.
“Pitching themselves as “E-Mobility Maniacs” at trade shows, they’ve convinced established car companies to visit them in Freistadt, 200 kilometers (124 miles) northwest of Vienna, to test drive their creations.” – Bloomberg
Two years into their venture, Kreisel’s order book is filling up. It’s creating Austria’s first lithium-ion-battery assembly plant, and their workforce is on a steady incline.
Kreisel’s is a simple three points strategy.
- Make battery packs and electric drive trains for orders as big as 10,000 vehicles.
- Design lithium-battery production lines for original-equipment manufacturers.
- Create prototypes for top-tier car makers.
“We already have two contracts with two companies, one of which is bigger than Tesla and will actually build 100,000 cars over the next two years,” said Markus Kreisel to Bloomberg, keeping out specifics.
In the near future?
As orders gain volume and momentum, Kreisel foresees a steep drop in battery prices, from about $140 a kilowatt hour presently to less than $100 a kilowatt-hour.
“The sales price today for large volumes over 100,000 cars would already be under $100,” said Kreisel, who buys cells from vendors including Panasonic Corp. and Samsung Electronics Co.
“Unfortunately, nobody’s making 100,000 cars today.”
Kreisel doesn’t see the 100,000-car threshold reached until 2019, by which time Tesla will have ramped-up production and German automakers will have entered the fray of the electric-automobile revolution.
“We will sell a lot of electric motors in the next year ,” Kreisel said. “We have some really big companies that are going to produce in high volume.”
We don’t doubt the Kreisel brothers one bit, for as far as sales forecasts for EVs go, annual EV sales shall be hitting 2 Million units by 2020 and a massive hold-your-breath 21 Million units by 2030 according to credible estimates.
Bonus Video: Watch Arnie unveil the Kreisel Electric Mercedes G Class. Personally.