Charged EVs | Romeo Energy Battery Plant liquidating—IP, industrial tools, hundreds of EV battery cells up for public sale on September 7

Romeo Energy is liquidating its 215,000-square-foot EV battery meeting plant in Cypress, California. A Tiger Group Online auction options hundreds of lithium-ion battery cells, together with industrial property similar to robots, CNC machines, meeting and testing tools, and the corporate’s mental property.

“Accessible turnkey or in combos of bulk tons, Romeo Energy’s IP and different property signify an amazing alternative for industrial producers, EV battery assemblers, automotive corporations and different patrons,” mentioned Tiger Group’s John Coelho. “Along with the late-model industrial tools, we’re providing some $16 million in stock, together with greater than 200,000 Samsung lithium-ion battery cells.”

Bidding is now open, and the timed online auction closes on September 7, at 10:30 am Pacific Time.

The Samsung battery cells are prepared for fast use.

Additionally on the public sale block:

  • A number of Fanuc robots and associated programs
  • Three 2019 Haas VF6 vertical milling machines
  • Machine-shop property together with a high-speed CNC machine, a vertical milling machine, a lathe, drill presses, a 50-ton hydraulic press and numerous saws, sanders, welders, vices and instruments
  • Engineering and testing programs together with chambers, drop testers, ovens and different tools for subjecting batteries to excessive circumstances
  • {Hardware}, wiring harnesses, chilly plates and enclosures, junction packing containers, connectors, transformers and resistors
  • Excessive-end workplace furnishings
  • A field truck
  • Pallet jacks
  • Late-model compressors
  • TVs, computer systems and different property

Asset photos and detailed descriptions can be found. On-site inspections can be found by appointment on Wednesday, September 6, from 10 am to 4 pm Pacific Time. To rearrange an inspection, ship e-mail to [email protected] or name (805) 497-4999.

“Romeo Energy used this tools to deal with duties like shelling out and making use of sealant, choosing and inserting elements, and welding and assembling,” mentioned auctioneer Wayne Hecht. “These high-quality property could possibly be extraordinarily helpful to a big selection of operators, inside and outdoors of EV battery manufacturing.”

Supply: Tiger Group