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2021-10-26

CTEK AB: General Motors selects CTEK as collaborator on Ultium Charging Stations for EVs

CTEK, a leading global brand in vehicle charging solutions, today announces a collaboration with General Motors (GM) to design, develop and supply a range of Ultium-branded, level 2 EV charging stations for residential and commercial use. CTEK's current strategic plan and long-term financial targets include this co-operation with GM. CTEK will supply one base and two premium charging units.

Jon Lind, President and CEO at CTEK, says: "We are absolutely delighted to be chosen to collaborate with GM to support the exciting roll-out of their revolutionary Ultium Charge 360 Ecosystem. We have a long relationship with GM and it's a privilege for our team to work closely with them from the design stage, through production and sales. I think you've got to really trust a product to want to put your own brand on it, so for us it's a real stamp of approval."

As GM accelerates towards an all-electric future, with a commitment to build more than 30 new global Electric Vehicles (EVs) by 2025, the Ultium Platform will be the crucial EV architecture and propulsion system at the heart of its next generation vehicles. To help ensure that GM customers maximise the performance of these revolutionary EVs, GM has collaborated with CTEK to develop Ultium Charging stations for EVs, featuring CTEK's outstanding charging technology.

Henk Lubberts, Global Director Original Equipment at CTEK, says, "GM is committed to helping their customers get the best experience from their EV and the introduction of Ultium EV Platform is a major step forward. It's therefore important that you look after the Ultium battery - the very heart of the vehicle - something that was a driver behind the development of this EV charger. GM chose CTEK due to our strong experience within the EV sector, coupled with a strong commitment to quality, safety, reliability and customer service. Our team worked hard alongside GM to understand what was needed, and what they wanted to achieve with this project, and then we developed a solution to exactly meet these needs."

See also GM's press release here: https://media.gm.com/media/us/en/gm/home.html

Currently, CTEK is supplying own brand chargers to over 50 of the largest and most prestigious car manufacturers in the world.

For further information please contact:

Jon Lind, President and CEO

Tel: +46 703 97 23 71, E-mail: jon.lind@ctek.com

Niklas Alm, Investor Relations

Tel: +46 708 24 40 88, E-mail: Niklas.Alm@ctek.com

Katharine Parker, PR Manager

E-mail: katharine.parker@ctek.com 

The information was submitted for publication, through the agency of the contact persons set out above, at 15:45 CET on 26 October 2021.

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