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Mass Production of ICS AFC Project

On Nov. 2nd, the mass production ceremony of Innovative Charging Solutions (Suzhou) New Energy Technology Co., Ltd. (“ICS”) Autonomous Flexible Charging (“AFC”) project was held in Suzhou Wuzhong Development Zone. ICS is a joint venture company invested by Volkswagen and Dupu (Suzhou) New Energy Technology Co., Ltd. The project is mainly engaged in the research and development and manufacturing of new-energy vehicle charging facilities. It is the first project of Volkswagen Group to settle in Suzhou, and is also an important part of Volkswagen Group’s new energy strategy and an important step of its implementation.

At the ceremony, Mr. Ding Lixin, Secretary of Wuzhong District Party Committee, Mr. Xu Jiming, member of the Standing Committee of Wuzhong District Party Committee, Deputy Secretary of the Party Working Committee of the Development Zone and deputy Director of the management Committee; Mr. Frank Engel, Executive Vice President of Volkswagen Group (China), Mr. Heiko Knatz, Technical General Manager of Volkswagen Automatic Transmission (Tianjin) Co., Ltd., Mr. Kang Yong, Vice Chairman of ICS, Tan Mu, Director and CEO of ICS, Christoffersen, CFO of ICS attended the event. They jointly launched the start of ICS AFC project mass production. Mr. Frank Engel and Mr. Mark Moeller, Chairman of ICS, and Mr. Joerg Fenstermann, Director of ICS, delivered a speech or video to congratulate ICS of this mass production of AFC project.

This is the mass production of the world’s first AFC mobile energy storage charging pile. It will lead to great influence to ICS, to the development of Volkswagen Group’s new energy strategy and the industry as well in the coming years.