"It's turning into a commercial argument," says Balqon chief executive officer Balwinder Samra. Given the soaring cost of diesel fuel Samra says, "We are one generation of battery away from the tipping point where there will be mass adoption."
Of course, Samra is talking about electric vehicles and, more specifically, battery-electric heavy-duty trucks like the Balqon XR E20 (X for extended range). Remarkably, the massive XR E20 can cover up to 150 miles on a single charge of its Thunder Sky lithium-ion battery pack.
The Balqon heavy-hauler is powered by a 200-horsepower AC electric motor with proprietary liquid-cooled controllers with integrated CAN BUS and self diagnostics. Working with an undisclosed partner, Balqon has devised a system that rapidly charges the truck's 320-volt, 16-module battery pack.
Samra says that with fuel prices higher outside the U.S., some 80 percent of Balqon's business is overseas. However, Samra claims that here in the States, "We can justify the premium cost of an electric vehicle in about 18 months."
[Source: Balqon Corporation]
Balqon Corporation (OTCBB: BLQN), a developer of electric drive system technology for commercial electric vehicles, today announced its new Nautilus XR E20 vehicle at the 2011 Alternative Clean Transportation (ACT) Expo, the largest gathering of alternative fuel and clean vehicle stakeholders in the United States. Manufactured at Balqon's headquarters in Harbor City, the Nautilus XR E20 is a longer-range version of the Nautilus XE 20 and, based on initial testing, features a 75 percent increase in range over the previous product, allowing customers to perform two shift operations for a total of 16 hours (or up to 150 miles) before having to recharge.
With fuel prices at already more than $4 per gallon and continuing to increase, initial testing has shown that the Nautilus XR E20 provides up to 74 percent lower operating costs than conventional diesel products, making it an economic, cost-effective option in the short haul off-highway vehicle marketplace. The XR E20 has been developed using Balqon's proprietary electric drive system which encompasses complete power management, propulsion, and power conversation systems including drive trains and energy systems (the batteries and charging system).
"Balqon is committed to leading the way for the transportation industry's shift from diesel to zero-emissions vehicles," said Mr. Balwinder Samra, President and CEO of Balqon Corporation. "Levering our proprietary electric drive systems, the Nautilus XR E20 provides our customers with the distance and power they need."
The Nautilus XR E20 also features an increased charge rate, allowing customers to charge during breaks and shift changes. The vehicle fully recharges in less than two and a half hours. The Nautilus XR E20 is commercially available immediately and Balqon has already started shipment of the product to several customers.