AEAUTO launches new EV conversion kit

I. Industry trends

(I) Innovative inventions light up the road to modification

In October 2023, Alexander Burton, a young student from Australia, emerged with his REVR prototype EV Conversion Kit. This kit breaks the mission of traditional modification limitations and aims to provide car owners with hybrid car modification solutions that are both economical and convenient to operate, so that more people can easily embrace the charm of new energy vehicles.

In September of the same year, the British company Bedeo launched a forward-looking service in France, a land full of opportunities. They cleverly used the local government's subsidy policy to devote themselves to the great cause  of converting a large number of diesel trucks into hybrid models. The basic modification kit worth 30,000 euros is carefully equipped with a high-performance battery with a capacity of up to 37kWh and a unique Protean Electric hub motor. These advanced components are precisely installed on the two wheels at the rear of the truck. Such a sophisticated design makes cumbersome power components such as traditional axles completely a thing of the past.

(II) Market structure changes with demand

From the perspective of market segmentation, the entire market is clearly divided into two major sectors: passenger cars and commercial vehicles, depending on the type of vehicle. It is worth mentioning that with the awakening of consumers' environmental awareness, the call for green and environmentally friendly transportation solutions is getting louder and louder. In 2023, the passenger car market will occupy more than 75% of the market share with an unstoppable momentum, becoming a well-deserved main force, and hybrid car modification is undoubtedly one of the popular options that has attracted much attention.

2. Full disclosure of modification technology

(I) EV Conversion Kit, what is it?

EV Conversion Kit is the process of converting a gasoline, diesel or CNG vehicle into an electric vehicle. This is achieved by replacing the internal combustion engine with an electric motor and installing a battery pack. The modification involves installing new components such as electric motors, batteries, and often new control systems, while retaining the original structure and design of the vehicle. This approach provides a cost-effective way to transition to an electric vehicle without having to buy a brand new electric vehicle.

(II) Charging infrastructure, the invisible driving force behind the modification

At the same time, we cannot ignore another key factor - charging infrastructure.

Public charging stations are blooming like stars in every corner of the city, and diversified charging solutions are emerging one after another. These visible changes are quietly driving the booming development of the hybrid EV Conversion Kit market. When consumers see that charging is becoming more and more convenient, their concerns about investing in hybrid conversions have also disappeared, and they are full of joy and look forward to enjoying a cleaner and more sustainable way of transportation.

3. AEAUTO's strong entry

(I) Innovative EV Conversion Kit

AEAUTO has launched EV Conversion Kit designed to convert cars, diesel vehicles, and CNG vehicles from traditional internal combustion engines to replaceable electric vehicles. This technology makes it easier for fleet operators to transition to electric vehicles without having to pay the high price of new electric vehicles. By integrating battery replacement technology, these kits enable fuel vehicles to operate as electric devices with replaceable batteries, which is expected to significantly save costs and bring operational benefits.

(II) Advantages are fully demonstrated, leading the future

After fleet operators convert fuel vehicles to electric vehicles, they can reduce monthly costs by about 30%, and after switching from diesel vehicles to electric vehicles, they can save up to 40%. This conversion not only has economic advantages, but also extends the life of existing vehicles and reduces operating costs.

The new retrofit solution is in line with the government's initiative to promote the popularization of electric vehicles, providing companies with a practical alternative to meet regulatory standards without investing in a brand new vehicle.

AEAUTO's hybrid  EV conversion kit is an affordable alternative to buying a new hybrid vehicle, making it an attractive option for fleets looking to convert existing vehicles with hybrid technology. This trend is expected to drive substantial growth in the passenger car segment during the forecast period.