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Electrovaya and Electrotherm India to Establish India’s First Lithium-Ion Polymer Battery Plant; Targeting Vehicles
19 October 2007
Electrovaya has entered into a non-binding Memorandum of Understanding (MOU) with Electrotherm India to establish an Advanced Lithium SuperPolymer battery plant in India, with a capacity of up to 10 Megawatt hours per month.
The partners will establish a new joint venture company, with shared ownership between Electrotherm and Electrovaya, to manufacture battery packs for electric two-wheelers, three-wheelers and four-wheelers produced in India.
Electrotherm and Electrovaya will have the right to appoint the Managing Director and Chairman for the new Company on an alternate basis. The financial conditions of the arrangement include an initial payment by the new Company for Electrovaya’s technology and equity participation by Electrovaya, as well as a royalty fee based on production from the new battery plant.
Electrovaya will have the exclusive right to export batteries from this plant to overseas customers.
Electrotherm, the maker of the electric two-wheeler Yobyke, recently developed prototypes of electric three- and four-wheelers and hybrid-electric low-floor buses. (Earlier post.)
October 19, 2007 in Brief | Permalink | Comments (4) | TrackBack (0)
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Posted by: HealthyBreeze | October 19, 2007 at 11:29 AM
Asumming that this joint venture will produce the new Electrovaya Lithium Polymer (MN series or better) with one of the best energy rating = (330 Whr/Kg) and (650 Whr/L) at a more affordable price, it could be an important step towards affordable PHEVs and BEVs.
A BEV 66 Kwh pack (good for about 300 KM) should weight about 210Kg to 240Kg.
A PHEV 22 Kwh pack (good for about 100 KM) should weight about 70Kg to 80Kg.
Once this joint venture has been in full mass production for a year or two, the $300/Kwh price could be met and boken by a wide margin.
Posted by: Harvey D | October 19, 2007 at 12:17 PM
Anything for a two wheeler is likely to be somewhere between 3 to 8 kwh.
Posted by: Neil | October 19, 2007 at 01:20 PM
At a modest 20 kWh/car, this factory will produce batteries for 500 cars/month. That's a nice start, but we will need thousands of these factories to make a real change.
Posted by: Alain | October 20, 2007 at 03:05 PM
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How many kilowatt/hours per battery? I'm guessing these will do fine for bouncing around congested Indian cities.