Ola Electric Invests $500 Million To Set Up Battery Innovation Centre

2022-07-21

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Ola Electric, electric vehicles manufacturing company, said it will invest $500 million to set up a Battery Innovation Centre and promoting indigenous cell research and development in India. The company plans to set up a state-of the-art Battery Innovation Centre (BIC) in Bengaluru. As per Ola Electric statement, it will be one of the most advanced cell R&D facilities with more than 165 unique and cutting-edge lab equipment to cover all aspects of cell-related research and development.

"Electric mobility is a high growth sector which is R&D intensive. Ola's Battery Innovation Centre in Bangalore will be the cornerstone for core cell tech development and battery innovation out of India for the world. BIC will house advanced labs and high-tech equipment for battery innovation and will power India's journey towards becoming a global EV hub," said Bhavish Aggarwal, founder and CEO, Ola Electric, in a statement.

He also added that, "BIC will have the wherewithal to develop complete packages of battery pack design, fabrication and testing under one roof. It will also be equipped with an integrated facility for hand-in-hand nanoscale analysis to develop new battery material."

According to Kotak Institutional Equities report, taking the Ola fire incidents into consideration, Ola will begin mass production of its cell from its upcoming gigafactory by 2023. It expects the current cell cost of $150 per kilowatt hour to reduce to $100 per kWh as it moves this in-house from its current vendor, LG Chem. The company expects this move to lead to a 10 to 20 per cent reduction in the total cost and an 8.5 per cent improvement at the earnings before interest, tax, depreciation and amortization level.

As per recent reports, Ola Electric had unveiled its indigenously manufactured lithium-ion cell, NMC 2170. According to company statement, the use of specific chemistry and materials enable the cell to pack more energy in a given space and also improves the overall life cycle of the cell. It has been developed keeping the indigenous conditions at the core.

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奥拉电气投资5亿美元成立电池创新中心

电动汽车制造公司Ola Electric表示，将投资5亿美元建立一个电池创新中心，并促进印度本土电池的研发。该公司计划在班加罗尔建立一个最先进的电池创新中心(BIC)。根据Ola Electric的声明，它将是最先进的电池研发设施之一，拥有超过165台独特和前沿的实验室设备，涵盖电池相关研发的所有方面。电动交通是一个研发密集型的高增长领域。位于班加罗尔的Ola's电池创新中心将成为核心电池技术开发和电池创新的基石，从印度走向世界。BIC将拥有先进的实验室和用于电池创新的高科技设备，并将为印度成为全球电动汽车中心提供动力。奥拉电气创始人兼首席执行官巴维什·阿加瓦尔在一份声明中说。他还补充说，BIC将有必要的资金在一个屋檐下开发完整的电池组设计、制造和测试包。它还将配备一个手拉手纳米级分析的综合设施，以开发新的电池材料。"根据Kotak Institutional Equities的报告，考虑到Ola的火灾事故，Ola将在2023年之前从即将到来的超级工厂开始批量生产电池。该公司预计，目前电池成本为150美元/千瓦时，将降低到100美元/千瓦时，因为它将从目前的供应商LG化学内部进行这项工作。该公司预计，此举将导致总成本下降10%至20%，利息、税项、折旧及摊销前利润水平将提高8.5%。根据最近的报道，Ola Electric公布了其国产锂离子电池NMC 2170。根据该公司的声明，特定化学物质和材料的使用使电池能够在给定的空间内储存更多的能量，也改善了电池的整体生命周期。它的发展以本土条件为核心。