Alelion Energy Systems AB
Alelion in short
Alelion develops, manufactures and markets lithium-ion based energy storage systems for industrial trucks. Alelion’s technology is world-leading and based on 10 years of experience in developing lithium-ion energy storage systems for industrial applications. Alelion has Preferred Supplier status for lithium-ion batteries with Toyota Material Handling and Jungheinrich, the world's largest and third largest industrial truck manufacturers, which combined have about 33% market share.
The market for Li-ion batteries and industrial trucks
According to Alelion's estimates, the market for Li-ion batteries for industrial trucks is worth about SEK 42 billion annually in new sales (if all new manufactured electric trucks would be equipped with Li-ion batteries). Li-ion is superior in all aspects to the dominant lead-acid batteries: smaller, faster, more durable, more environmentally friendly - and also more cost-effective in most applications. Lithium-ion is already used in several segments such as consumer electronics and cars. Alelion focuses on industrial trucks as this market combines relatively large volumes with high quality and performance demands from customers. Today, the majority of new electric trucks are equipped with lead-acid batteries. Demand for Li-ion batteries is growing, and the %-share is forecast to increase sharply in coming years.