RUSNANO’s Portfolio Company Liotech Increased Revenue 2.5 Times

08 February 2018

In 2017, Liotech-Innovations (Liotech plant, part of RUSNANO Group), producer of lithium-ion cells, increased its turnover by more than 2.5 times to 350 million rubles in comparison to last year. The plant fully met its yearly production targets and mastered manufacturing processes to make new products.

Increasing production of traction lithium-ion batteries for city-wide electric transportation was the company’s top priority in 2017 and lay behind its success. Currently, the manufacturing plant supplies batteries for electric buses with a night charge and it increased delivery of batteries for trolleybuses with extended independent course (electric buses with dynamic charging) five times as part of its multi-year collaboration with leading trolleybus manufacturers in Russia. Liotech delivered more than 130 vehicle sets equipped with lithium-ion batteries last year.

In 2017, the Liotech plant mastered manufacturing processes to make new types of products: traction lithium-ion batteries for electric loading equipment, successfully deployed in state plants for federal use. Furthermore, the company increased delivery volumes of batteries for power generation plants more than 1.5 times and started supplying accumulators for military and airport equipment.

Strategic planning of manufacturing processes included comparative analytical research, conducted by company specialists, of different battery model infrastructures for city electric buses. The results of these studies are used by the largest transport manufacturers as well as governmental agencies.

In 2018, the company is planning to release more than 200 vehicle sets equipped with lithium-ion batteries. This year, Liotech intends to master production of high capacity energy storage systems (more than 0.5 MW⋅h) and compact self-contained battery units. In addition, Liotech is going to expand its battery range, including that for loading equipment, and master production processes for manufacturing batteries for electric buses with ultra-fast charging and for mining equipment.

Aside from expanding its range, in 2018 the Liotech plant is planning to increase its export market by supplying lithium-ion batteries to India and other countries. The company has already benefited from a positive experience exporting batteries for trolleybuses with extended independent course to Argentina.

Vladimir Kozlov, Managing Director at RUSNANO Management Company LLC, said “Aside from increasing production volumes of batteries for electric transport, we’re expecting first sales of Liotech’s new product series (home energy storage systems with capacities of 3 to 10 kW⋅h), as well as further development of the pilot project involving stationary battery units with capacities of up to 1 MW⋅h, with their first sales starting in 2019.

In 2018, Liotech will have to finalize its subsequent product strategy to either expand its final product range, based on lithium batteries, even further (down to electric buses, which is consistent with international best practices) or focus on collaborating with current manufacturers of integrated solutions.

In the meantime, Liotech’s main goal remains the same: maintaining and developing competitive lithium cell technologies in terms of price, specific energy capacity and resources.”

Reference

RUSNANO established Liotech as part of the investment project “Developing lithium-ion battery production facilities in Russia”. Manufacturing of lithium-ion accumulators, using nanostructured lithium iron phosphate (LiFePO4), started at Liotech in the Novosibirsk region in 2011. The plant’s production capacity is 40 million Ampere hours per year.

For more information please visit at the website liotech.ru/eng