In today’s pricing terms, South Africa’s Joule electric vehicle will sell at R235,000 to R285,000 [US$30,215 to US$36,644], with the battery, the most costly component of the car, leased at an additional R1,500 [US$193] a month, says Optimal Energy spokesperson Jaco van Loggerenberg.
...This means Joule buyers will not own the lithium-ion battery, but only the vehicle body. It also means that owners may be able to swap a depleted battery for a fully charged one in around a minute, instead of waiting for the battery to charge—if such a system is introduced along with the Joule.
Optimal Energy has signed a memorandum of understanding (MoU) with Germany-based EDAG, a German automotive full- service supplier, to industrialize the Joule. Optimal Energy has also signed an MoU with South-Korea-based EIG (earlier post) to explore the potential of setting up a manufacturing facility in South Africa for the nonexclusive supply of Li-ion battery cells to Optimal Energy.