We are planning to set up a lithium-ion advance cells manufacturing unit in Vadodara, Gujarat. Taking it forward we have also signed an MoU with Singapore-based Sunkonnect.
With increasing awareness, rising demand, and cost-effectiveness in the EV industry, it is appropriate to say that the future of mobility is electric. The industry is on an upward trajectory and appears to have a promising future, prompting many brands to enter the EV sector for business which may cause disruption in accelerating the EV sector. The most pressing concern for electric vehicle manufacturers may be a lithium supply crunch.
As the leading manufacturer of electric two-wheelers in India, to strengthen India’s battery infrastructure, we are working on establishing a lithium-ion advanced cell manufacturing unit in Gujarat. As part of the plan’s implementation, we have signed a Memorandum of Understanding (MoU) with Sunkonnect, a Singapore-based renewable energy management consulting firm.
This collaboration aims to facilitate a feasibility study and the identification of potential partners for the manufacture of lithium-ion advanced cells in India. Sunkonnect will form a committee of experienced scientists, engineers, and analysts to evaluate and identify the professional partner, as well as develop the roadmap for establishing the 1 GWh cell production plant at our ancillary cluster in Vadodara, Gujarat, under the terms of the MoU.
Yatin Gupte, our Chairman and Managing Director, commented on the MoU with SunKonnect “We are excited to work with SunKonnect. Their expertise will help us identify the right partner and establish a roadmap to set up the manufacturing unit of Li-ion advance cells at our EV ancillary cluster between 15-18 months. As the safety and security of our customers are paramount for us, we are integrating cutting-edge technologies to enhance the quality and promote the adoption of green mobility in the entire country.”
Further elaborating, Dr. Avishek Kumar, Founder, SunKonnect, said, “We are grateful to WardWizard for giving us the opportunity to become a part of this EV transition and support the brand in the development of battery infrastructure in India. Under the MoU, we will work with WardWizard to identify the partner equipped with the latest technology and high standards to manufacture Li-ion advanced cells. Our team will be developing a feasible plan and drafting standard norms for the manufacture of quality batteries for Joy e-bike’s products.”