Piston Automotive and Our Next Energy to Collaborate on Future EV Battery

DETROIT, May 23, 2022 /PRNewswire/ -- Piston Automotive, a member of the Piston Group companies, has announced a new partnership with Our Next Energy (ONE), a developer of energy storage technology, to manufacture EV batteries at Piston Automotive's facility located in Van Buren Township, Michigan.

"We are thrilled to partner with Our Next Energy," said Piston Group's Founder and Chairman, Vinnie Johnson. "Our collaborative relationship and combined experience in electrification design and manufacturing assembly will be evident in the quality of the battery packs that we produce for the next generation of electric commercial vehicles."

"The Piston Group has a proven track record as a high-quality manufacturing partner for battery packs," said Mujeeb Ijaz, founder and CEO of ONE. "Their experience makes them an ideal partner to assemble our Aries pack."

The new venture will mass produce ONE's Ariestm battery pack, which uses Lithium Iron Phosphate (LFP) chemistry in a Structural Cell to Packtm architecture. In simple terms, this allows ONE's customers to increase range and reduce cost while eliminating nickel- and-cobalt supply chain and safety concerns.

"When the project with ONE surfaced, we knew it would be a great opportunity to explore." said Piston Automotive's President, Bob Holloway. "Our commitment to growth and product expansion over the past decade with other EV industry leading partners has been a key foundation to our success. Piston Automotive's expertise in battery assembly process design, testing and service, combined with ONE's innovative battery pack design is an exciting opportunity and a great fit for our long-term strategy."

About Piston Group
Piston Group, comprised of Piston Automotive, Irvin Automotive Products, Detroit Thermal Systems, and newly acquired A Lava & Son Co., is headquartered in Southfield, Michigan. It designs, engineers, assembles and manufactures a wide variety of automotive parts and systems. Piston Group was founded in 1995 by industry magnate and former NBA champion Vinnie Johnson, and is one of the largest private, minority-owned automotive suppliers in North America.

Today, Piston Group employs nearly 10,000 people at more than 20 locations across North America. Last year, the firm posted revenues of $2.9 billion. Visit www.pistongroup.com for more information.

About Our Next Energy (ONE)
Our Next Energy, Inc. (ONE) is a Michigan-based developer of innovative energy storage technology. Founded in 2020 by Mujeeb Ijaz, a battery systems engineer with more than 30 years of experience, ONE and its team are focused on safer battery chemistries that use the most sustainable raw materials while creating a reliable, low-cost and conflict-free supply chain. ONE will begin production of its first product, Ariestm, in late 2022 and will demonstrate a production prototype Geminitm battery in 2023.

SOURCE Piston Group