Electrovaya Partners With Tata Motors & Miljø To Launch Electric Car & Battery Production In Norway
Electrovaya announced that it is partnering with Tata Motors and Miljø Grenland/Innovasjon to manufacture batteries and electric cars in Norway, beginning 2009, using Electrovaya’s proprietary Lithium Ion SuperPolymer® battery technology.
Tata Motors’ UK subsidiary, Tata Motors European Technical Centre plc, holds 50.3% of the equity of Miljø. As its technology partner, Electrovaya receives equity in Miljø, a technology license fee and a royalty based on the value of its proprietary Lithium Ion SuperPolymer® batteries used in the electric cars.
In addition to manufacturing state-of-the-art Lithium Ion SuperPolymer® batteries and the development of related technologies, Miljø will produce electric vehicles based on Tata Motors’ products. The first such vehicle will be the Indica EV, which is scheduled for launch in Europe during 2009. According to the companies, the Indica EV will be a practical option for the consumer, capable of carrying 4 people, with adequate luggage space, a predicted range of up to 200km, and acceleration of 0-60kmph in under 10 seconds.