reply Altair Battery Design Tools Development Consortium Launched to Support New Energy Vehicle Developmen

Ningde Times, BYD and China Automotive Engineering Research Institute join the strong forceHelping New Energy Vehicle Development, Improving Range and Ensuring SafetySHANGHAI, Nov. 1, 2022 /PRNewswire/ -- On October 27, 2022, Altair (Nasdaq: ALTR) successfully held the "Altair Battery Designer" (ABD) launch event at the "Change Tomorrow, Together" series of user conferences in South China. Battery Designer" battery design tool development alliance (abbreviation: ABD) launch ceremony. Ltd. and China Automotive Engineering Research Institute Co., Ltd. attended the ceremony as representatives of the consortium.At the same time, Altair held an online kick-off meeting with the Battery Design Tool Development Consortium members. During the meeting, Altair presented its goals and current roadmap and vision for ABD, as well as an online demonstration of the latest version of its battery damage identification tool. Representatives of the consortium members also expressed their expectations for the future development of ABD during the kickoff event. Professor Jun Xu, a member representative from the University of North Carolina, gave a special presentation on the VESL (Automotive Energy and Safety Laboratory) and its work.About the Altair Battery Design Tool Development ConsortiumDriven by energy technology changes and technology, the global lithium battery industrialization and industry applications have entered an explosive period, and China's new energy vehicle fleet is becoming increasingly large. From electric vehicles to energy storage stations, the use of lithium batteries is increasing dramatically. At the same time, related safety issues are increasingly becoming a social concern worldwide. To address this situation, it is necessary to improve battery safety through a better understanding of all battery phenomena, mechanical damage, thermal and electrochemical runaway, and the use of innovative design methods and tools.Altair joined forces with battery experts for a year and a half to create the Altair Battery Designer battery design tool development consortium. The consortium brings together a variety of innovative industry solutions and the benefits of Altair's Simulation software platform to provide new energy vehicle manufacturers and battery pack suppliers with an integrated software solution that is user-friendly, easy to use and designed to address the short- and long-term safety boundaries of lithium batteries due to mechanical abuse.The first members of the ABD Consortium include Ningde Times New Energy Technology Company Limited, BYD Fudi Battery Company Limited, China Automotive Engineering Research Institute Limited, the University of North Carolina, and Metalsa, a global supplier of structural components for the automotive and commercial vehicle markets.In the future, the alliance will provide industrial-grade solutions for cells, modules, packs and new energy vehicles based on the multi-scale multi-physics field of Altair's simulation platform for battery simulation. It can be applied to battery pack international, automotive crash safety and C NCCAP 2021 - New Energy Vehicle Side Impact and other crash safety conditions.About AltairAltair (NASDAQ: ALTR) is one of the world leaders in computational science and artificial intelligence (AI), providing software and cloud solutions in the areas of simulation, high-performance computing (HPC) and AI. Altair enables companies across a broad range of industries to compete more effectively in a connected world and create a more sustainable future.