Mahindra And LG Chem Collaborate On Li-ion Battery Technology

MAY 17 2018 BY MARK KANE 4

Mahindra & Mahindra and LG Chem announced a collaboration in the field of advanced lithium-ion batteries for EVs in India.

LG Chem is set to develop a unique cell exclusively for Indian application and will design battery modules, too.

Those batteries will be used in Mahindra and SsangYong electric vehicles.

Mahindra is also going to build a battery module and pack plant in India in late 2020.

Mahindra e2oPlus

“Under the aegis of this collaboration, LG Chem will develop a unique cell exclusively for India application and will also supply Li-ion cells based on NMC (nickel-manganese-cobalt) chemistry with high energy density. These cells will be deployed in the Mahindra and SsangYong range of Electric Vehicles. LG Chem will also design the Li-ion battery modules for Mahindra Electric, which in turn will create battery packs for the Mahindra Group and other customers.”

“In keeping with the investment plan already announced by Mahindra last year, a battery module plant is also under development. The plant will have a capacity of half a million battery modules per annum and will also house a battery module pack line and the entire facility for both module and pack is expected to go into production in the last quarter of FY 2020.”

See Also – Uber Will Partner With Mahindra To Deploy Electric Cars In India

Commenting on this announcement, Hemant Sikka, President & Chief Purchase Officer, Mahindra & Mahindra Ltd. said:

“The Electric Vehicle revolution is taking the country by storm and at Mahindra we are happy to be at the forefront of this change. This association with LG Chem will give Mahindra the requisite access to advanced battery technology and will also enable us to deliver globally competitive products. At Mahindra we are preparing to scale up in accordance with our expansion plans in order to meet demand expected in the near future. We look forward to a strong and fruitful association with LG Chem.”

According to JH Kim, LG Chem’s Executive Vice President in Energy Solution Company:

“LG Chem is honored to have a collaboration with Mahindra & Mahindra Ltd. In the field of advanced Li-ion battery technology, LG Chem expects this collaboration will be one of the memorable moment for putting the commercialization of Electric Vehicle forward in India market.”

Categories: Battery Tech

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4 Comments on "Mahindra And LG Chem Collaborate On Li-ion Battery Technology"

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A medium mileage 200 or so mpc on a full charge, at less than 20k would be killer, plus you could probably go even lower by giving up some miles or amenities. Should be a good fit, and desperately needed in India, currently the worst air pollution in the world.i

How to convince an Indian company to take your product? Tell them it is “unique and exclusively” for them.
So, what is so unique and exclusive that is not for GM or Daimler?

Daimler designs and assembles their own modules and so do others like VW. The big car makers want to keep LG Chem, Panasonic, Samsung, CATL and others as a supplier of standardised and undifferentiated cells (pouch, round, etc.), to be able to multi source and put pressure on prices. Once LG Chem also assembles a unique module pack for a specific car model, it’s hard to replace them easily from your supply chain and you lose the power to negotiate or mitigate supply shortage risks.

However if you lack capabilities internally this can still be a good idea.

Except that Mahindra is no stranger to electric cars. They’ve been very prominent in formula E and their electric car division today is what used to be Reva in the 1990s – the Bangalore and California collaboration that had one of the best selling pre-“Volt and Leaf” era electric cars in Europe.