The opening of fast charging technology provider Kempower's new factory is progressing on schedule and the first production lines are being put into operation. In addition to assembly lines, Kempower's new facilities in Lahti, covering an area of ​​10,300 square meters, include a laboratory, test and demo charging fields and an office space. To meet market demand, Kempower will also continue production at the current production facility. CEO Tomi Ristimäki shed light on the schedule for the new plant opening on Wednesday 13 April at Kempower Investor Meeting.

” Kempower will continue to expand its business in Europe according to set strategic growth targets. As communicated earlier, Kempower is also exploring different alternatives for expansion in the North American markets”, Ristimäki said.

Chief Operations Officer Sanna Otava emphasized the importance of Kempower's strong domestic supply chain: “We scale up production in two ways: by expanding assembly lines and by developing a strong, local supply network. At the moment, a majority of our materials and components is sourced from Finland.”

According to Chief Technology Officer Mikko Veikkolainen, the scalable and modular product portfolio has proven its strengths in the fast charging market. Dynamic power sharing reduces the unused capacity of charging fields and minimizes charging queues, enabling successful customer experience. "Every charging event is recorded in our Kempower ChargEye backend system, and we continuously monitor the charging success rate", said Veikkolainen.

Kempower has recently signed significant new agreements in all customer groups. “Among charging point operators, I would like to highlight Power Dot from Portugal, Vattenfall from Sweden, and Avia Weghorst, which recently opened the first Kempower charging hub in the Netherlands. We have received new bus depot orders from Denmark, Luxembourg, and Sweden. At the moment, we are seeing the interest in electric truck charging growing rapidly”, said CEO Ristimäki.

Kempower has no direct suppliers or production in Ukraine, Russia, or Belarus. Kempower has a strong domestic supply chain and all company’s products are made in Finland.

The materials of the investor meeting are available on Kempower's website: https://investors.kempower.com/governance/annual-general-meeting

Kempower will publish its Business Review for January-March 2022 on 18 May 2022.

 

Additional information:

Tomi Ristimäki, CEO, Kempower

tomi.ristimaki@kempower.com

Tel. +358 29 0021900

 

Kempower, media relations:

Paula Savonen, Director, Communications, Kempower

paula.savonen@kempower.com

Tel. +358 29 0021900