(Lahti, Finland, 12 January 2023) - Kempower has grown rapidly in Europe during the year 2022. The company will continue to expand its business also in the future to meet market demand. Kempower currently has close to 14 000 square meters of production, laboratory, and office space across two factories in Lahti, Finland.

“According to our recent survey of European EV drivers, the Kempower brand has strengthened in the markets: Kempower is a good match and highly-valued charging brand for European heavy users. We want to do our best to meet market demand, which is why we are now exploring options to expand production in Europe. We believe that our proven agile and scalable production model is a good basis for meeting demand in the years to come,” states Tomi Ristimäki, CEO, Kempower.

In parallel with the European expansion plans, Kempower continues to establish operations in the United States as previously announced. Kempower targets to establish operations in the US by the end of the year 2023. The plan includes Kempower’s own legal entity and a local assembly of Kempower’s charging solutions.

Kempower, media relations:

Paula Savonen, Vice President, Communications, Kempower

paula.savonen@kempower.com

Puh. +358 400 343 851

About Kempower:

Kempower designs and manufactures DC fast charging solutions for electric vehicles and machines. We’re a team of electric vehicle enthusiasts with a deep understanding of the charging market and a hands-on mentality. Our product development and production are based in Finland, with a majority of our materials and components sourced locally. We focus on all areas of transportation, from personal cars and commercial vehicles to mining equipment, boats and motorsports. With Kemppi Group’s 70 years’ experience in perfecting DC power supplies, we set the bar high in engineering and user-experience design. Kempower is listed in the Nasdaq First North Growth Market Finland.  www.kempower.com