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Commercial electric vehicles drive growth for battery-maker Durapower

The Singapore-based manufacturer has gone beyond the major market of China to find niches elsewhere 

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Derryn Wong

Derryn Wong

Published Thu, Sep 12, 2024 · 05:00 AM
    • Kelvin Lim, CEO of Durapower, says the company's combined revenue and order book has grown to a high of US$100 million in 2023, from a revenue of just US$2 million in 2014.
    • Kelvin Lim, CEO of Durapower, says the company's combined revenue and order book has grown to a high of US$100 million in 2023, from a revenue of just US$2 million in 2014. PHOTO: DERRYN WONG, BT

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    MORE than a decade ago, battery-maker Durapower was ahead of the curve in serving China’s electric vehicle (EV) market; within a few years, not content with riding the country’s EV boom, it headed to Europe too.

    The Singapore-headquartered company makes high-performance batteries, although it does not focus on the more familiar passenger EVs, but on flexible battery systems that can handle tough conditions, in two main areas.

    One is electrified road transport, where it has focused on electric commercial vehicles and buses. The other is its speciality segment, which includes autonomous guided vehicles (AGVs), forklifts and industrial machinery for port and harbour operations.

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