Wardwizard operationalizes its in-house 1 GWh EV Battery assembly line
Wardwizard Innovations and Mobility - the Indian manufacturer of Joy e-bike brand - has recently commenced the operations of a lithium-ion battery assembly line with a capacity of 1 GWh. This move comes under the Phase 1 development of the company's EV ancillary cluster located at Vadodara, Gujarat.
Under the phased development plan, the battery assembly line is a strategic move on the part of the company. It has been done with a vision to ensure the highest quality standards where the company can have direct control on the quality and standards of their battery packs, the company claims.
Further, the operationalization of the battery assembly is a step towards solidify the company's contribution to the existing EV ecosystem, it adds. The first batch of assembled battery packs from this production unit has been already rolled out.
Speaking on the development, Yatin Gupte, Chairman and Managing Director of Wardwizard Innovations Mobility Ltd. commented, "We are pleased to announce the commencement of our battery assembly line, which was an integral target for FY' 2022–2023. As we are observing rising demand for EVs, quality and safety are of utmost priorities, and with our in-house battery assembly line, Wardwizard is a step closer to contributing to the EVolution".
He further added, "This step will further make EVs more affordable than before. We are actively working on scaling the capacity of our battery assembly and starting the manufacturing of other components, including chassis, motors, and steel parts, as well as lithium-ion cells, in the near future."
Wardwizard is also planning to expand its R&D operations and production of electronic components in the EV ancillary cluster. Being the first listed entity on BSE in EV manufacturing, it is mainly focused on the growth potential in the Indian EV segment to have a positive impact in the future.