KUALA LUMPUR, MALAYSIA / ACCESSWIRE / November 9, 2023 / Greenpro Capital Corp. (NASDAQ:GRNQ) incubated company, Australia’s Brighsun EV Group lay out its Group expansion plan using proprietary Lithium Iron Phosphate (LFP) battery and Lithium Sulphate (Li-S) Solid State battery that could achieve cell density of 350-518Wh/Kg. Brighsun are ready to mass produce these batteries on a commercial scale, targeting both commercial and consumer transport which include heavy-duty trucks, buses, long distance coach and SUVs.
According to International Energy Agency (IEA), with the implementation of ambitious policy programs in major economies, such as the Fit for 55 packages in the EU and the Inflation Reduction Act in the United States (US), the market share for Electric Vehicles (EV) is anticipated to witness significant growth in the coming decade and beyond. By 2030, it is projected that electric cars will constitute approximately 60% of total sales in China, the EU, and the US combined.
EV would offer a compelling solution to the environmental challenges associated with traditional internal combustion engine (ICE) vehicles. Notably, the transportation sector is a major contributor to carbon dioxide (CO2) and nitrogen oxide (NOx) emissions, and EVs present a viable alternative to mitigate this impact. “Brighsun new expansion strategy are fully aligned and integrated with Environmental, Social and Governance (ESG) principles,” remarked Nicholas Lee, CEO of Brighsun EV Group. “While we note that EV battery disposal would sparks ESG risks, our batteries are fully recyclable due to its design, and its materials can be reuse for other purposes in many economical ways. We achieved over 1,000 KM distance on one single charge in our SGS test report hence we are confident in closing a few potential EV orders throughout the ASEAN and Middle East region.”
Greenpro CEO, Dr. CK Lee said, “Private sector will play a critical role in advancing ESG initiatives together with governments and other key stakeholders. We see Brighsun as a company upholding values that are aligned with our theme of Social Value Economy. We look forward to working closely and having more integration with Brighsun EV Group in coming future.”
About Brighsun Limited
Brighsun New Energy’s Lithium Iron Phosphate (LFP) battery won the Guinness World Record in Nov 2015 for the Greatest Distance travelled by an Electric Bus (non-solar) on a single electric charge – 1,018 kms.
https://www.youtube.com/watch?v=8ofjOC6EMfM
Through nearly 8 years of research, the scientists at Brighsun New Energy have successfully developed new lithium-sulphur (Li-S) battery cathode material with an energy density higher than conventional secondary batteries. Brighsun’s new energy – 2U battery is expected to accelerate EV take-up around the world, significantly increase mobile phone battery capacity and solar-electric storage. For further information please visit https://www.brighsun.com/index.html
About Greenpro Capital Corp
Headquartered in Kuala Lumpur and a Nevada corporation, Greenpro Capital Corp. (NASDAQ:GRNQ), is a business incubator with strategic offices across Asia. With a diversified business portfolio comprising of finance, technology, banking, and Green-X for STOs, health and wellness as well as 30 years of experience in various industries, Greenpro has been assisting and supporting businesses and High-Net-Worth-Individuals to capitalize and securitize their value on a global scale. This is done through the provision of cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses located in Asia. The comprehensive range of cross-border business services include, but are not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax advisory services. Greenpro also operates venture capital businesses, including business development for start-ups and high growth companies.
For further information regarding the company, please visit http://www.greenprocapital.com.
The Green-X exchange can be found at https://www.green-x.io/
Forward-Looking Statements
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GRNQ has 7,575,813 million shares issued and outstanding with a float of 3,831,677 shares
