Maxwell Technologies is putting the lifetime value of its recently announced deal to provide ultracapacitor-based subsystems to Zhejiang Geely Holding Group (Geely), the parent company of leading brands such as Volvo and Geely Auto ( earlier post ), at $100 million. Under the deal, Maxwell will provide multi-cell ultracapacitor subsystems with power electronics that will be applied in Geely and Volvo mild-hybrid and plug-in hybrid electric vehicles. The vehicles will initially be available in North America and Europe. The production ramp for these vehicles is slated to begin in late 2019. Maxwell estimates that this deal has a lifetime of about 5-7 years, with peak sales in years 3 and 4. The ultracapacitor systems are intended to work in conjunction the vehicle batteries, said Thibault Kassir, Maxwell’s VP & GM, Energy Storage. The ultracapacitor modules provided to Geely will deliver 10-12 kW. The combination of ultracapacitors and batteries is […]