Sona Blw Precision Forgings Limited has informed the Exchange about Investor Presentation
Entering High Voltage Motor & Inverter Market
16 May 2023
Disclaimer
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sona BLW Precision Forgings Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this presentation may contains certain forward-looking statements concerning the Company’s future business prospects and business profitability. Such forward- looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties that are difficult to predict. These risks and uncertainties include, but are not limited to, the Company’s ability to manage growth, the fluctuations in earnings, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, the Company’s ability to manage its international operations, Government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward-looking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company.
© Sona BLW Precision Forgings Limited (Sona Comstar). Reproduction and distribution of this Presentation without the permission of Sona Comstar is prohibited.
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We are adding High Voltage Traction Motors and Inverters to our product offerings Autonomous /Connected
Electric
GaN Inverter
Integrated Controller with DC-DC Converter
Liquid Cooled Inverter
High Voltage Inverter
Motors for Bots and Industrial Automation
High Voltage Traction Motors
Magnet-free Motors, EMSM and SRM designs
Integrated P4 e-Axle
ADAS Sensors
Predictive Active Suspension Integrated Motor Controller Module
Low Voltage Inverter
Mid-mount Drive Motor (PMSM)
Hub Wheel Motor (BLDC)
Input/Rotor Shaft
Intermediate Gears
Axial Flux Motors
Reduction Drive Unit
Belt-driven Starter Generator (BSG)
Independent suspension e-Axle
Rigid e-Axle
Net Spiral Bevel Gears
EDL
Park Gear
Non-ferrous Parts
Diff Gears
Starter Motors
Diff Assembly
Spool Gear
Epicyclic Set
Active Biased Differential
Future Products
Current Products
Legacy Products
Note: The product images shown are for illustration purposes only and may not be an exact representation of the products
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In partnership with Equipmake, we are covering all the major vehicle segments with high-voltage applications
)
W k ( g n i t
a R r e w o P
>300
150-300
100-150
40-100
30-40
20-30
10-20
5-10
<5
PMSM
PMSM
PMSM
PMSM
PMSM
PMSM
PMSM
PMSM
PMSM
PMSM
Electrostatic
Electrostatic
Electrostatic
SRM
SRM
SRM
SRM
SRM
PMSM
EMSM
PMSM
EMSM
PMSM
EMSM
Electrostatic
BLDC
BLDC
BLDC
Already developed
Under development
Under discussion
Bots & Industrial Automation
Electric Scooter
Electric Motorcycle
Electric 3-wheeler
Electric LCV
Electric Off Highway Vehicle
Electric Car
Electric MHCV
Electric Bus
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Both Global and Indian BEV markets with high-voltage applications have strong growth projections
L A B O L G
I
A D N
I
BEV Car Market1 – in ‘000s
BEV Bus Market1 – in ‘000s
BEV MHCV Market1 – in ‘000s
16,000
7,300
31,000
350
260
420
210
63
58
CY22
CY25
CY30
CY22
CY25
CY30
CY22
CY25
CY30
BEV Car Market2 – in ‘000s
BEV Bus Market2 – in ‘000s
1,600
27
300
13
2
FY27
FY32
FY23
FY27
FY32
47
FY23
Data Sources: 1. IEA (2023), Global EV Data Explorer, IEA, Paris https://www.iea.org/data-and-statistics/data-tools/global-ev-data-explorer 2. CRISIL – Electric Vehicle Ecosystem Report
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Equipmake is one of the few high-voltage motor makers and their motors are amongst the best in the world in power density
HTM - 3500
APM - 200
Power Torque Speed Weight Size
: 400 kW : 3,500 Nm : 3,500 rpm : 195 kg : 540 mm (dia) x 251 mm (w) x 607 mm (h)
Configuration : Single or Coupled Inverter : With or without Inverter Application : Electric Buses and HCVs
: 220 kW : 450 Nm : 10,000 rpm : 40 kg : 318 mm (dia) x 247 mm (l)
Power Torque Speed Weight Size Configuration : Single or Coupled Inverter
: With or without integrated inverter and/or gearbox
Application : Electric Cars, MCVs and Tractors
Power Density Comparison1
Power Density Comparison1
Equipmake HTM-3500
Voith VEDS HD
Sinovation HC2U45PWT
Dana TM4 SUMO HD HV 3500
ZF CeTrax
TSA TME 43
0.5
2.0
1.3
1.2
1.1
1.1
Helix CTSM242
Yasa P400
Dana TM4 MV275
Equipmake APM-200
Phi 301
Turntide AF130
Brusa HSM1
Data Sources: 1. Company Websites of the respective motor makers, website links available in the appendix; Company Analysis
8.3
6.7
5.8
5.5
5.5
4.6
2.9
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Equipmake’s spoke motor architecture is a proven technology which is validated on road
Conventional Architecture
vs
Spoke Motor Architecture
Tested and Delivered this technology to multiple customers
Magnets
Steel Rotor Hub
Magnetic Steel Laminations
Water channels for cooling
Aluminium Rotor Hub
Advantages of Spoke Architecture and Patented Rotor Design
First Group (UK)
Repowered 12 buses for First Bus; Secured another order for repower of a double-deck bus
Aluminium Rotor Hub
Effective Rotor Cooling
Concentrated Winding
Effective Use of Magnets
Non-magnetic and cost-effective for manufacturing
London Routemaster
Launch of customer trials of an Equipmake converted fully-electric London Routemaster
Integrated water channels for cooling; Increases specific performance; Can use low-cost magnets
Emergency One (UK)
Delivered bespoke EV drivetrains for Emergency One Fire Trucks; Secured further orders from them
Automated winding process for low-cost stator manufacturing
Agrale (Argentina)
Zero-emission powertrain fitted bus completed pre- service trails and started in-service trials in Nov-22
Reduction in magnet material results in high torque density and low magnet cost
European Electric Hypercar
Long-term contract to supply ASIL-D compliant motor drive inverter
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Equipmake has a strong pedigree and history of innovation
Ian Foley Founder & Managing Director
A highly-experienced engineer who has worked in global motorsport at the highest level – from Le Mans to Formula 1
>20 years
of experience in developing and integrating industry-leading innovative electric powertrains
70 employees
allowing Equipmake to continue innovating and developing new products
Developed an Active Suspension system for Lotus Formula 1
Developed the Electric Flywheel energy storage for Williams F1
Patented Spoke motor concept was born
1988
1993
1997
2007
2008
2010
Started his career at Lotus Engineering
Founded Equipmake to develop his niche EV concepts and provide EV engineering consultancy
Williams F1 invested in this flywheel business and formed Williams Hybrid with Ian as MD. After its success, it was purchased by GKN in 2014
Since then Equipmake has developed various motors and inverters and validated their technology with multiple electric bus makers and a leading European electric hypercar player
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Scope and Terms of our Licensing Agreement with Equipmake
Products Covered
EV Powertrains with power output between 100 kW to 440 kW • HTM 3500 motor and inverter, and its variants • APM 200 motor and inverter, and its variants
Target Applications
Scope of Design, Sales & Manufacturing
• Electric passenger cars • Electric passenger buses • Electric commercial vehicles • Electric off-highway vehicles including tractors
• Equipmake will provide the validated design of the products •
Sona Comstar has exclusive rights to sell these products in the licensed territory of India, Thailand, and select South Asian markets Sona Comstar will manufacture the products in India and supply them to its customers in the licensed territory and to Equipmake for other markets
•
License Fee & Royalty
• One-time fee for each motor • Variable royalty payment
Target SOP
• Production is targeted to start in 2025
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Appendix
Data Sources for Motor Specs for Power Density Calculations
1.
2.
3.
4.
5.
6.
7.
8.
9.
Voith VEDS HD - https://voith.com/corp-en/drives-transmissions/voith-electrical-drive-system.html https://d2euiryrvxi8z1.cloudfront.net/asset/445934742530/4d5e2414c0d9405f69e0ec1f1715fe32/vt2533-english.pdf
Sinovation HC2U45PWT-MRA - https://www.sinovation-ev.com/12m-coach-platform
Dana TM4 SUMO HD HV3500-9p - https://www.danatm4.com/wp-content/uploads/2019/04/TM4-SUMO-HD_Dana-TM4.pdf
ZF CeTrax - https://www.zf.com/public/org/Product-Datasheet_CeTrax_EN_78313.pdf
TSA ROAD-Motor TME 43-33-6 - https://www.tsa.at/tsa_referenzen/solaris-trollino-metrostyle-for-salzburg/
Helix CTSM242-LV - https://ehelix.com/products/ctsm242-electric-motor/
Yasa P400 - https://www.yasa.com/wp-content/uploads/2018/01/YASA_P400_Product_Sheet.pdf
Dana TM4 MV275 - https://www.danatm4.com/products/electric-motors/mv275/
Phi 301 - https://www.phi-power.com/wp-content/uploads/2018/01/Phi301-Spec_Sheet-V1.2.pdf
10.
Turntide AF130 - https://turntide.com/wp-content/uploads/2022/10/Tradeshow-Component-Datasheets.pdf
11.
Brusa HSM1-10.18.22 - https://www.brusa.biz/wp-content/uploads/2021/08/101_Datasheet_EN_HSM1-10.18.22.pdf
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