Think Global Selects EnerDel as Supplier of Choice for Prismatic Li-Ion Batteries for Th!nk City EVs
Think Global has selected EnerDel as the supplier of choice for prismatic large format Li-ion batteries that will be used to power its Th!nk City electric vehicle.
EnerDel will use its experience in battery management system integration that has already been implemented in the recently unveiled HEV product. EnerDel’s Li-ion solution for the electric vehicle drive train is designed to have higher energy density than HEV cells and to enable vehicles to run up to a goal of 100 miles (160 kilometers) without recharging.
Under the supply agreement, EnerDel must deliver production prototypes in March 2008 and pre-production parts in July 2008, with a value of approximately $1.4 million. Once these milestones are met to the satisfaction of Think Global, production orders under the contract are expected to result in EnerDel battery sales of $70 million over the two-year period ending in 2010. Under Think’s growth plan, the total value of the contract could eventually exceed $200 million.
In May, Tesla Energy Group, a newly-formed division of Tesla Motors, had also announced an agreement to supply Think Global with lithium-ion battery packs (derived from Tesla’s battery pack design for the Tesla Roadster) for the Th!nk City cars. That supply agreement covered the development and delivery of battery packs starting in December 2007 and continuing through 2008. (Earlier post.)
EnerDel is now working on products in each of the major electric vehicle battery categories—HEV, PHEV and EV.
We are confident in EnerDel’s capabilities to deliver this safe, reliable and high energy battery system that will power the electric vehicle of the future. While this is the largest Lithium-ion battery contract in the automotive industry to date, we expect demand for our vehicle and the resulting battery supply requirements to increase substantially from these levels.—Jan-Olaf Willums, President and Chief Executive Officer of Think Global