Boom times for Australian manufacturer of DC fast chargers

A Brisbane-based developer and manufacturer of DC fast chargers for electric vehicles has booked orders of approximately $55 million – 31 per cent higher than the initial forecast.

Tritium’s backlog continued to grow throughout the September quarter, ending at a record of approximately $78 million, an increase of 333 per cent over the backlog at 31 December 2020.

To date, the total number of Tritium DC fast chargers sold globally stands in excess of 5,250, and production during the September 2021 quarter was a record of approximately $22 million, representing a 64 per cent increase over the three months ended 30 June 2021 and a 140 per cent increase over the three months ended 31 March 2021.

At the end of September there was a backlog of approximately $78 million which is an increase of 86 per cent over the 30 June 2021 backlog of $42 million and an increase of 189 per cent over the 31 March 2021 backlog of $27 million.

Since November 2020, increasing product demand has required Tritium to double the production line shift headcount and the company had previously announced expansions of assembly, throughput and testing capacity in the US and Europe.

“The momentum we have experienced across Tritium’s suite of products has been exceptional this past quarter,” said Tritium CEO, Jane Hunter. “As the world embraces the electrification of transportation, it has now become near-consensus that the proliferation of reliable, fast charging will be an essential step in accelerating Electric Vehicle adoption.”

Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles and are designed to thrive in harsh conditions.

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