Monthly EV update – August 2021

Monthly EV update – August 2021

monthly electric vehicle

New Product launches

India Launches- August 2021

Product

Vehicle type

Battery specs.

Other specifications

Price

EBikeGo Rugged

2-wheeler

· Battery- 3 kWh · Range- 160 km

·   Top speed- 70 km/hr

·   Motor Output- 230 Nm ·   Comes in two variants; G1 and G1+

INR 79,999 (G1) 

INR 99,999 (G1+) 

Ola S1

2-wheeler

· Battery- 2.98 kWh

· Range- 121 km

·   Motor power- 8.5 W

·   Top Speed- 90 km/hr

INR 99,999 onwards

Ola S1 Pro

2-wheeler

· Battery- 3.97 kWh
· Range- 181 km
·   Motor power- 8.5 W

·   Top Speed- 115 km/hr

INR 1,29,999 onwards

Simple Electric One

2-wheeler

·Battery- 4.8 kW

· Range- 236 km

·   Nominal Power- 4.5 kW

·   Top speed- 105 km/hr ·   Boot space- 30 litres

INR 1,09,999

EVTric Axis

2-wheeler

· Battery- 48V/26Ah

· Range- 75 km

·   Motor power- 250 W

·   Top Speed- 25 km/hr

INR 64,994

EVTric Ride

2-wheeler

· Battery- 48V/26Ah

· Range- 75 km

·   Motor power- 250 W

·   Top Speed- 25 km/hr

INR 67,996

Tata Tigor EV Facelift

4-wheeler

· Battery- 26 kWh · Range- 306 km

·   Peak power- 55 kW 

INR 11,99,000 onwards

Source: Industry news articles, JMK Research

Upcoming Launches

Euler Motors receives orders for over 2500 units, to deploy It In 6-8 months

Euler CEO Saurav Kumar revealed that they have received orders for over 2500 units of Its E3Ws from e-commerce giants such as Flipkart, Udaan and Big Basket. Euler has been developing and testing these vehicles for over three years since Its Inception and will be delivering them In the next 6-8 months

Maruti Suzuki and Toyota to jointly work on self-charging hybrid electric vehicle

Maruti Suzuki is developing hybrid electric vehicles (HEV) with Toyota that can be charged on the run, independent of power supply from roadside infrastructure. In self-charging cars, an internal combustion engine (ICE) provides energy to the batteries besides wheel rotation which is an additional power source. Since batteries power the car such a vehicle delivers higher mileage than a pure ICE car.

BYD India to launch electric MPV for B2B segment

BYD India, a subsidiary of the Warren Buffett-backed EV maker BYD, plans to launch electric MPV for the B2B segment in India soon. This is a strategic decision taken by the company given the need and rising demand for EVs in this important area. The decision to enter the B2B segment is also in line with BYD’s electrification transport solutions goal, which is to bring about a cleaner global environment and assist India to achieve its ESG goals.

EV Sales Trends

The registered EV sales in August 2021 witnessed a m-o-m jump of 10.6%, clocking 28,906 units, the highest number of registrations in a month so far in 2021, which also signifies a y-o-y Increase of 256%.

Registered EV sales trend in India (August 2020–August 2021)

Source: Vahan Dashboard, JMK Research

Note: Sales figures represent EVs registered across 1,313 RTOs in 33 states/ UTs.

As depicted in the figure below, EV registrations in August 2021 were driven by electric 2-wheeler and passenger-type electric three-wheeler, which together accounted for 92% of total registrations in the month. These categories are followed by cargo-type electric three-wheeler (5%), e-car (3%) and so on.

Category-wise EV sales in August 2021

Source: Vahan Dashboard, JMK Research

Note: Sales figures represent EVs registered across 1,313 RTOs in 33 states/ UTs; Others include adapted vehicles, fork lifts, goods carriers and trailer (agriculture) vehicles.

Among all the states and UTs, Uttar Pradesh continues to have maximum monthly registered EV sales with a 20% share in overall sales in India in August 2021. Karnataka has the 2nd highest sales at 13% share, followed by Tamil Nadu (11%) and Maharashtra (10%).

(State/ UT) Region-wise registered EV sales – August 2021

Source: Vahan Dashboard, JMK Research

Note: Sales figures represent EVs registered across 1,313 RTOs in 33 states/ UTs.

High-Speed Electric Two-Wheeler (HS-E2W)

The overall HS-E2W sales in the country in August 2021 stood at 14,896 units, signifying a 11% m-o-m jump and a y-o-y leap in registrations of 654%. The Top 10 players, as shown below account for 96% of the total registrations recorded in the month of August 2021.

Player-wise High-Speed E2W sales trend

Source: Vahan Dashboard, JMK Research

Note: Sales figures represent only high-range E2W (Top speed > 25 kmph) registered across 1,313 RTOs in 33 states/ UTs.

Electric Three-Wheeler (E3W)

The sales of registered E3Ws (both passenger and cargo-type) in August 2021 stood at 12,883 units, increasing m-o-m by 11.6%. This can be attributed to the m-o-m increase of 14% in passenger E3W sales, whereas the cargo E3W sales saw a fall of 4% as compared to that of the previous month.

Sales trend of cargo E3W and passenger E3W

Source: Vahan Dashboard, JMK Research

Note: Sales figures represent E3Ws registered across 1,313 RTOs in 33 states/ UTs; Passenger and Cargo E3W sales shown in the figure takes into account both e-rickshaw and three wheeler classes as categorized in the vahan dashboard.

Electric cars (E-cars)

The cumulative sales of e-cars in August 2021 stood at 961 units, witnessing a 1% m-o-m decline in registrations, yet a y-o-y increase of 161.85%. Tata Motors and MG Motors continue to drive e-car sales, accounting for 95% of registrations in August 2021.

Player-wise e-car sales trend

Source: Vahan Dashboard, JMK Research

Note: Sales figures represent e-cars registered across 1,313 RTOs in 33 states/ UTs.

Electric buses (E-buses)

The cumulative sales of e-buses in August 2021 stood at 80 units, with a m-o-m increase of 82%. Just as in the e-cars India market, Tata Motors also dominates in the e-bus sales, accounting for 85% of the sales in August 2021.

Player-wise e-bus sales trend

Source: Vahan Dashboard, JMK Research

Note: Sales figures represent e-buses registered across 1,313 RTOs in 33 states/ UTs.

Policies & Regulations

Government of India exempts EVs from the payment of registration or renewal fees

The Ministry of Road Transport and Highways released a notification on 2nd August 2021, exempting Battery operated vehicles (BOV) from the payment of fees for the purpose of issue or renewal of registration certificate.

Odisha approves its EV Policy

Odisha approved Its own EV policy on 28 August 2021, becoming 10th Indian state to do so. With this policy, Odisha government aims for an EV penetration of 20% by 2025.

Demand side incentive structure under Odisha’s proposed EV policy

Vehicle Segment% cost of vehicle as subsidyMax. incentive per vehicle
Two-wheelers15%INR 5,000
Three-wheelers15%INR 10,000
Four-wheelers15%INR 50,000
Electric Buses10%INR 20 lakhs
Goods CarriagesNAPurchase incentive of INR 30,000 for first 5000 electric good vehicles

Source: Commerce and Transport Department, Government of Odisha and JMK Research

On top of these, the state will provide 100% Interest free loans for state government employees for the purchase of EVs and 5% Interest subvention of e-buses and goods carriages during the policy period. The policy document also lays down supply side Incentives, Incentive for charging Infrastructure and talks about the creation of a recycling eco-system for EV batteries

Charging Infrastructure

Stakeholder(s)/ Player(s)

Subject/ Scope

Description

ABB and Audi India

Smart Chargers for Audi India

  • To ensure a premium charging customer experience, the newly launched Audi e-tron and Audi e-tron Sports back are offered with ABB’s smart Terra AC wall box charger along with the car to its customers for smart charging at home.
  • The Terra AC wallbox charger is capable of delivering 11 kW power to the Audi e-tron and complies with all safety standards and necessary certifications.
  • The Terra AC wallbox is a market leading EV charger ideal for the home, delivering high-value quality, futureproof flexibility, and advanced safety and protection.

Government of Delhi and Energy Efficiency Services Limited (EESL)

Setting up charging infrastructure on all Delhi Transport Corporation properties

The Delhi government signs a MoU with EESL to set up public charging infrastructure on all Delhi Transport Corporation properties

Ather Energy

Allowing other OEM models to use Ather’s proprietary charger

  • Ather Energy announced that it will offer its proprietary fast-charging connector to its peers for faster adoption of these vehicles.
  • The move will help in reducing range anxiety by allowing all scooters to access Ather Energy’s over 200 fast chargers. It will also allow more original equipment manufacturers (OEMs) to build products on a common standard, thereby lowering infrastructure investments

Brihanmumbai Municipal Corporation (BMC), Mumbai

Inauguration of Public charging stations in Dadar, Mumbai

  • The charging station in Dadar has the capacity to charge seven electric vehicles at a time. Four of the available chargers are fast chargers. They usually charge one vehicle per hour.
  • In addition, there are three chargers of the slow type. They take about six hours to charge one vehicle.
  • ·According to BMC, the public car park in Dadar area can charge about 72 electric vehicles daily in 24 hours. The station is capable of charging all types of electric vehicles

Source: Industry news articles, JMK Research

BHEL inaugurates first EV friendly highway In India

Bharat Heavy Electricals Limited (BHEL) inaugurated Delhi-Chandigarh Highway as the first e-vehicle friendly highway in the country, with a network of Solar-based Electric Vehicle Charging stations (SEVCs) under the FAME-1 scheme. The Electric Vehicle (EV) charging station at Karna lake resort, is located at the midpoint of Delhi-Chandigarh highway, and is equipped to cater to all types of E-cars plying currently in the country. Further, the company is also working on upgrading the other charging stations on this highway, within this year. The establishment of similar EV chargers at regular intervals of 25-30 kms on the highway will allay range-anxiety among EV users and bolster confidence for inter-city travel. The SEVC stations are equipped with individual grid-connected rooftop solar plants that will supply green and clean energy to the charging stations.

Niti Aayog releases Its EV Charging Handbook

Niti Aayog launched Its Electric Vehicle Charging Infrastructure Implementation handbook. The document Is aims to guide Implementing authorities and stakeholders on planning, authorization and execution of EV charging Infrastructure.

Investments

Date

Company name

Company type

Deal type

Investor(s)

Deal value

(in US$ Mn)

Details

Aug-21

MLR Auto

EV 3-wheeler Manufacturer

Acquisition

Ampere Electric

2.566

Ampere Electric acquires 26% stake in last-mile e-wheeler OEM MLR Auto

Aug-21

goEgoNetwork

EV charging startup

Equity

Rishi Bagla, Chairman of Bagla Group, an auto component manufacturer, and Olivier Guillaumond, Head of Global Innovation Labs and Fintech at ING Bank, funded the seed round.

2

GoEgoNetwork raises USD 2 million in seed funding

 

Aug-21

Log 9 Materials

EV charging technology startup

Equity

Amara Raja, Exfinity ventures, Sequoia Capital

8.5

Log 9 Materials raises $8.5 mn in funding round led by Amara Raja Batteries

Aug-21

MetroRide

AI based EV platform

Equity

Investors from Silicon Valley, New Jersey, and India including senior executives like Shailesh Powdwal, Sudhir Pai, Bhagirath Tanna and entrepreneur Sushant Divakar.

Undisclosed

MetroRide to expand EV fleet in Bengaluru, Delhi: Secures seed funding

 

Source: News Articles, JMK Research

JVs and Partnerships

DateCompanies involvedPurpose of PartnershipDetails
Aug-21Reliance BP Mobility and SwiggyDeploying electric two-wheelers and setting up battery swapping stations for Swiggy’s delivery networkReliance BP Mobility partners with Swiggy to push EV adoption  
Aug-21Bounce Mobility and CharaDesign and manufacturing of customized motors for BounceBounce partners with Chara for local production of innovative EV motors  
Aug-21BLive and Ather EnergyEV adoption for building tourism ecosystemBLive, Ather Energy partner to drive EV adoption at tourist places  

Source: Industry news articles, JMK Research

Tenders

Tender NameTendering AuthorityBid Submission DateTender Value
Design, Manufacture, and Supply of 100,000 electric three-wheelers (E-3Ws) (L 5 M/ L5N) for different use-cases. on PAN INDIA Basis.Convergence Energy Services Limited (CESL)6 August 2021 to 27 August 2021Not Disclosed
Re-Tender notice for selection of agency (s) for hiring of electrical vehicles on dry lease basis.Bihar State Pollution Control Board30 August 2021  to 13 September 2021Not Disclosed
Procurement of Fast DC Electric Vehicle Charger on Rate Contract basisPower Grid Corporation of India (PGCIL)20 August 2021 to 20 September 2021Not Disclosed

Source: Respective tender portals, JMK Research

Global Market Updates

Amazon-Backed Electric Vehicle Maker Rivian Announces IPO

Rivian Automotive, the Amazon-backed manufacturer of electric trucks and utility vehicles, said it had filed confidentially for an initial public offering, under a provision allowing it to keep its financial data private. The size and price range for the offering was not disclosed.

Kia launches 1st all-electric EV sedan, starts from $40K

Kia, South Korea’s second-biggest carmaker, launched an all-electric EV6 sedan in the domestic market ahead of its overseas launches later this year. The EV6 is Kia’s first model embedded with Hyundai Motor Group’s own EV-only electric-global modular platform (E-GMP). The model is available with two kinds of battery packs — a standard 58-kilowatt-hour (kWh) battery pack and a long-range 77.4-kWh one. The 58-kWh and 77.4-kWh models can travel up to 370 kms and 475 km, respectively, on a single charge.

Honda launches new U-GO electric scooter in China

Automobile and motorbike giant Honda’s Chinese arm Wuyang-Honda has added a new electric scooter, ‘U-GO Electric Scooter’, to its lineup in the Chinese market. The new Honda U-GO electric scooter is presently available in China at a starting price of 7,499 Chinese Yuan ($1,150) while the standard version is priced at 7,999 CNY ($1,233). The standard model has a 1.2 kW continuous-rated hub motor with a peak rating of 1.8 kW and a top speed of 53 km/h. The second model has a lower power rating of 0.8 kW while the top speed peaks at 43 km/h. Both models come with a removable Lithium-ion battery having a maximum capacity of 1.44 kW.

Xiaomi acquires autonomous driving firm as it looks to boost nascent electric vehicle business

Xiaomi said it had acquired Deepmotion for around $77.37 million to “enhance the technological competitiveness” of its electric vehicle business. The acquisition could help bring autonomous driving features to the cars Xiaomi eventually produces, a feature being developed by many automakers for next-generation electric vehicles. In March, Xiaomi announced plans to launch an electric vehicle business and invest $10 billion over the next 10 years.

Guidehouse Insights ranks Gogoro as the Global Leader in Light Electric Vehicle Battery Swapping

Gogoro Inc, a technology leader accelerating the shift to sustainable urban mobility, today announced it had been recognized by leading research firm, Guidehouse Insights, as the global leader in light electric vehicle battery swapping. 

Gogoro Network, the hyper-efficient battery swapping platform, is the de facto standard for powering electric two-wheel vehicles in Taiwan. Together with its vehicle partners, Gogoro-powered vehicles account for nearly 97% of all electric scooters sold in Taiwan. Gogoro recently announced its 400,000th Gogoro Network monthly subscriber, 200 millionth battery swap and that it had saved millions of kilograms of CO2 since its launch in 2015. The Gogoro Network is establishing global market traction via strategic partnerships in India and China, and growing interest for its battery swapping ecosystem around the world.

Industry Opinion

Battery & Data Analytics – Why Data Driven Approach is Critical to the Battery Industry?

Author: Mr. Venkat Rajaraman, CEO, Cygni Energy Pvt. Ltd.

The safety of Lithium-Ion battery is paramount and historical failures in smartphones and laptops give us valuable insight into the criticality of this issue. It is necessary to develop software intelligence to predict battery degradation, alert users to unsafe batteries and thus avoid any untoward incidents. Achieving this intelligence and 100% battery safety is a business priority now.

Then Versus Now: The traditional lead-acid battery is an electro-chemical device that is mostly unintelligent energy storage equipment. The battery intelligence is predominantly built around the Inverters or UPS that interface with the lead-acid battery. With the advent of the Lithium-Ion battery, this narrative has completely changed. With its Smart Battery Management System (BMS), the Li-Ion battery relies quite heavily on battery data for battery intelligence, analysis, and safety.

Source: ACCURE

Need for Data Analytics: Real-time information and advanced connectivity play a significant role in the battery industry. With the recent incidents of Chevrolet Bolt unattended fire issues and Hyundai’s recall of Kona EV due to the risk of short-circuit, Battery safety in electric vehicles is now glaring headline news.  Indeed, the BMS is central to safety. Hence the role of the BMS in delivering critical performance and safety cannot be emphasized enough. 

Battery Data Analytics is critical as battery degradation and state-of-health is complex to compute due to the intricate, non-linear and path-dependent nature of Lithium-Ion degradation. Accordingly, Data-driven models are playing a significant role in the behavioural prediction of dynamical systems such as Li-Ion batteries.

Data Analytics can help solve difficult questions such as whether the battery pack has been abused in the field, how much life is left in the battery etc. But it needs a lot of data processing to effectively predict these parameters. The accuracy of the prediction and the quantum of data that needs to be processed to arrive at the result also depends on the end use application.

Benefits of Data Analytics: If there are manufacturing defects, then the battery cycle life would markedly be dominated by these defects. Also, effects such as plating, swelling, etc affect the health of the battery. If these effects can be controlled with battery intelligence and accurate model, then the battery lifetime can be extended.

Predictive algorithms anticipate hazardous failures before they occur. They rely on detailed chemical models of the battery and machine-learning using a vast amount of field data to detect the presence of excessive internal degradation or any latent defects. Defects may originate during battery manufacturing or the battery pack assembly process or over its field use.

Cell phone industry has been one of the largest users of the Li-Ion batteries and they have been collecting battery data over several years. Companies such as Qnovo have their battery intelligence deployed in over 100 million smartphones and they believe that machine-learning makes immense sense in the battery environment. 

Open Access Models / Resources

BatteryDEV, an open-source platform, fosters global collaboration and supports battery innovation. The developed code provides insights into how batteries age and enables customers to develop new business models and accelerate the transition towards an electrified, renewable energy powered future. 

Python Battery Mathematical Modelling (PyBaMM) is a unique and versatile battery modelling package for Python produced by a consortium of academics connected through the Faraday Institution. Its mission is to accelerate battery modelling research by providing an open-source framework for multi-institutional, interdisciplinary collaboration.

BEEP is a set of tools designed to support Battery Evaluation and Early Prediction of battery life. This is an open-source Python-based package that parses the battery cycling data to enable cycle life prediction.

Battery Associates was formed in 2020 and operates as a global network that unites battery experts (BatteryPRO), as a platform for innovative projects (BatteryLAB), and as a facilitator of training programmes for aspiring battery leaders (BatteryEDU).

Real-time computation meets electro-chemistry: The intelligent BMS diagnoses the battery in real time, assesses the likely degradation mechanisms and the battery’s health at that particular moment in time. Not only all this, it dynamically makes the necessary adjustments to optimize the operation of the battery. It is a confluence where real-time computation meets electro-chemistry.

Time has come for the battery industry to prove that Data is truly the Oil of the 21st century and data analytics is the new combustion engine.

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