InoBat Auto and Ideanomics have announced plans to launch a phased investment project based in Indiana, US, in three stages.
The first project will see construction of a new research and development and production facility for battery module and pack assembly with an initial production capacity of 100 MWh annually.
The two firms then plan to build a complete commercial-scale battery module and pack assembly plant with an initial 2-3 GWh annual production capacity.
Cells from InoBat Auto’s European facilities will supply cells for the first two phases. Based on offtake agreements, InoBat Auto will look at the option to build a custom-made battery cell production facility with an initial annual capacity of 4GWh.
InoBat Auto CEO Marian Boček said, “I am incredibly excited to announce our plans for the new module and pack R&D and production facility in Indiana, exemplifying the valuable synergies and opportunities that our partnership with Ideanomics offers.
“At InoBat, we provide innovation across the entire value chain due to our “cradle to cradle” approach. Ideanomics has a similar entrepreneurial mindset to our own in terms of aiming to electrify various mobility segments and is looking to reinvent the market with innovative financing and energy solutions to drive EV adoption.”
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The two firms formed a strategic partnership earlier this year to develop, manufacture, and distribute integrated battery pack solutions for the US market.
InoBat Auto is a supplier of premium batteries for EVs, while Ideanomics is focused on accelerating the adoption of commercial electric vehicles.
InoBat Auto’s R&D capability and manufacturing model allow designing, engineering and creation of bespoke EV battery solutions to meet customer needs.
Its first-generation NMC 622 pouch cell is claimed to have achieved 25% quicker charging from 5-80% capacity, has 20% extra cycle life, 6% higher capacity, 28% better capacity retention at -20°C (-4°F) as against the benchmark pouch cells with same dimensions and weight.
Ideanomics CEO Alf Poor said: “This partnership demonstrates our continuing effort to make EV the natural mobility successor. It has been our mission to expedite the innovations needed to accelerate EV adoption. Our partnership with InoBat will secure future battery supply and create a force multiplier for technologies across our operating companies.”
Image: InoBat Auto is a supplier of premium batteries for EVs. Credit: andreas160578 from Pixabay.