July 17, 2025 | Shanghai, China — Chinese battery manufacturer Farasis Energy has secured a major contract as the exclusive battery supplier for a $1 billion electric vertical take-off and landing (eVTOL) aircraft order placed by UAE-based Autocraft. The deal, signed on July 16 in Shanghai, involves the purchase of 350 units of the E20 five-seater tiltrotor eVTOL from Shanghai-based TCab Tech.
The E20 aircraft features a wingspan of 12 meters, a top speed of 320 km/h, and a range of up to 200 kilometers. It is designed for urban air mobility applications and is among the most advanced Chinese-developed eVTOLs. This agreement marks the largest single overseas order for a Chinese eVTOL to date.
Farasis Energy confirmed it will provide its second-generation semi-solid-state battery packs exclusively for the E20 model. The battery system boasts an energy density of 330–350 Wh/kg, over 4,000 charge cycles, high discharge capability, and enhanced safety—a critical requirement for vertical flight applications.
Industry analysts estimate that the battery system alone could represent over 40% of the aircraft’s value, potentially generating more than RMB 2.5 billion ($345 million) in revenue for Farasis Energy.
The partnership also highlights the rising commercialization of semi-solid-state battery technology in aerospace, a sector where safety, weight, and endurance are paramount. Farasis has previously supplied advanced battery technologies to domestic automakers and aviation firms including Xpeng HT and Geely’s Volant Aerotech.
The milestone deal is expected to further accelerate China’s ambitions in the low-altitude economy and position Farasis as a key player in the global eVTOL supply chain.