Charged EVs | Romeo Power Battery Plant liquidating—IP, industrial equipment, thousands of EV battery cells up for auction 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 1000’s of lithium-ion battery cells, together with industrial property equivalent to robots, CNC machines, meeting and testing gear, and the corporate’s mental property.

“Obtainable turnkey or in mixtures 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,” stated Tiger Group’s John Coelho. “Along with the late-model industrial gear, 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 quick use.

Additionally on the public sale block:

• A number of Fanuc robots and associated techniques
• 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 techniques together with chambers, drop testers, ovens and different gear for subjecting batteries to excessive circumstances
• {Hardware}, wiring harnesses, chilly plates and enclosures, junction bins, 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 auctions@tigergroup.com or name (805) 497-4999.

“Romeo Energy used this gear to deal with duties like allotting and making use of sealant, choosing and putting parts, and welding and assembling,” stated auctioneer Wayne Hecht. “These high-quality property might be extraordinarily helpful to a big selection of operators, inside and outdoors of EV battery manufacturing.”

Supply: Tiger Group