Farasis energy, Inc., the predecessor of Farasis Energy (Ganzhou) Co., Ltd., was founded in the United States in 2002. By offering Li-ion batteries with leading energy density and power, it expanded into China and Europe, building a broad portfolio of battery solutions and global customers in different markets.
Farasis Energy is currently one of the largest manufacturers of pouch cells for the BEV market, with multiple global R&D centers and over 4,000 employees. Farasis Energy can provide one-stop energy storage solutions for battery development, production, and end-of-life processing, and is one of the first battery cell manufacturers to set up a 100 percent CO2 neutral factory.
Farasis Energy has been cooperating with top OEMs at home and abroad. Its partners include Daimler-Benz, Lotus, BAIC, GAC, FAW, Geely, GWM, etc... Farasis Energy has been deeply involved in the electric vehicle market for many years and is also expanding into other areas such as electric motor. It has also cooperated with electric motorcycle manufacturers Zero.
Important steps taken by Farasis Energy since its establishment:
● 2002 - founded by Dr. Yu Wang and Dr. Keith Kepler focused on NCM batteries for EVs, which is the most widely used battery chemistry today.
● 2009 - Farasis Energy established in China, the largest electric vehicle market.
● 2010-2015 - Electric motorcycles, auxiliary power units, forklifts and special vehicles were sold to the USA and Europe.
● 2015 - started programs with BAIC, one of the leading OEMs of China.
● 2017-2019 - started programs with other leading Chinese OEMs and Daimler (Mercedes-Benz) on a range of electric vehicles battery solutions.
● 2020 – Successful Initial Public Offering (IPO).
● Daimler acquired a 3% stake of Farasis Energy as a part of the battery cell deal.
|Full name||Farasis Energy (GanZhou) Co.,Ltd|
|STAR Theme||New Energy|
|Has weighted voting rights structure?||No|
|Earnings Per Share||-0.35||0.15||-0.11|
|R&D expenditure as a % of operating revenue||33.21%||11.06%||4.95%|
|Total Owners' Equity||10,076.58||7,103.37||6,626.75|
|Net Cash Flows-Operating||-943.86||483.52||-437.57|
|Net Cash Flows-Investing||-756.62||591.91||-4,933.79|
|Net Cash Flows-Financing||4,259.53||336.00||5,772.59|
|Name||No. of Shares Held (mn)||% of Shares Held|
|Farasis Energy（Asia Pacific）Limited||242.87||22.68%|
|CRF EV TECH COMPANY PTE. LTD.||15.01||1.40%|
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