Here are my notes from their recent concall on partnership with Gotion.
28.06.2024 on Gotion-InoBat batteries
-
Top 5 battery player in China (top 10 globally), top 3 in LFP chemistry. They are doing well in cylindrical batteries
-
NMC: cylindrical form factor (for 2W); LFP will have multiple form factors (currently 3W are running on LFP; 75-80% of overall market will be LFP)
-
Will use Gotion technology and supply chain. Believe that Gotion range of batteries will be enough for the Indian market
-
16 GWh lithium ion capacity still the same. Initial capacity will be 4-6 GWh and will cater to automative market
-
Hoping to get lower capex/GWh with this arrangement
-
Mix of upfront technology fees + royalty (non-exclusive arrangement)
-
Capex costs: 600-650/GWh
-
Assuming $70-75/GWh cell prices for 11-12% ROCE. Current prices of $65 is not sustainable
Disclosure: same as before