A UK-based startup specialising in battery pack technology has announced a new cost-cutting battery pack design platform for future electric vehicles.
IONTECH claims its latest product can reduce battery pack design costs by over 90 percent, from £40-80 million down to £4-10 million, making it cheaper for small automotive manufacturers and converters to bring new electric vehicles to market.
With its new design, the tech provider says it helped an electric conversion company achieve an energy output of 88kWh in the same space previously occupied by a 40kWh off the shelf system, an increase of 120% in energy.
James Eaton, CEO and Co-Founder of IONETIC, said: "There are many stages needed to get a battery pack into production. Automotive companies need to consider requirements, system design, homologation, embedded control, manufacturing options, and vehicle integration, to name a few.
“These stages are often done by different companies, which can lead to a costly, fragmented process. At IONETIC we facilitate all these stages, simplifying the process and reducing the cost for EV OEMs.
The company says it wants to assist small car makers who produce less than 10,000 units per year, since it warns they may be left behind in the industry's switch to electrification.
Eaton added: “Gigafactories are mainly catering for mass-produced cars. There’s a risk that some of these niche, historic car brands might not survive electrification unless companies such as IONETIC address their specific needs.”
IONETEC aims to create over 10GWh (Gigawatt hours) worth of battery packs by 2027, which it says would halt over 100,000 tonnes of carbon dioxide from entering the atmosphere.