ENERDEL, Inc.
Manufacturing Overview



January 22, 2010

SAFE HARBOR STATEMENT

This presentation contains forward-looking statements within the meaning of the Federal Private
Securities Litigation Reform Act of 1995 conveying management’s expectations as to the future based
on plans, estimates and projections at the time the statements are made. The forward-looking
statements contained in this presentation and that may be made by the presenter involve risks and
uncertainties, including, but not necessarily limited to: ENERDEL’s ability to deliver prototype,
production samples and finished product to electric vehicle customers; the estimated future sales for
ENERDEL’s electric vehicle batteries; the degree of competition in the markets for lithium battery,
fuel cell and nanotechnology-based products and services, ENER1’s history of operating losses, the
lack of operating history for the development stage of ENER1 businesses, the need for substantial
additional capital, the dependency upon key personnel and other risks detailed in ENER1’s annual
report on Form 10-K as well as in its other filings from time to time with the Securities and Exchange
Commission. These risks and uncertainties could cause actual results or performance to differ
materially from any future results or performance expressed or implied in the forward-looking
statements included in this presentation.ENER1 undertakes no obligation to publicly update or revise
any forward looking statements, whether as a result of new information, future events or otherwise.

3

OBJECTIVES – 2010 PLAN

Launch Production

Release Customers

Add Fast-to- Market

Customers With Existing

Product Designs

Acquire Other

New Customers

Through New Product

Development

4

Production

Released Cells

Module

Configurations

Pack

Configurations

Products

Classes

2010 CY PRODUCT PORTFOLIO

HC/MO

16.5 Amp

3.65 V PHEV
Cell

Light Duty

EV

Light Duty

PHEV

Heavy Duty

Hybrid

Grid

Mega-Watt

Systems

12S, 2P
or

15S, 3p

5

Products

Classes

Light Duty EV

Light Duty PHEV

Heavy Duty Hybrid

Grid Mega-Watt              

Systems

Cell Mfg’ing

Equipment

Module Assy

Equipment

Pack Assy

Equipment

Unique

PRODUCT PORTFOLIO – MANUFACTURING REQUIREMENTS

Same

Same

Same

Same

Common

with

Unique

Fixtures

Same

Same

Same

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FACILITIES PLAN 2010

Hague Road

EnerDel Headquarters

Cell R&D

Cell Process Development

Cell Electrode Production

Cell Assembly/Dry-room

Noblesville

BMS Engineering

Pack/Module Testing

AXC 70 (Site “Y”)

Cell Formation (2010)

Pack Assembly

Sample Build

Warehousing

Enertech

Cell Manufacturing

7

EnerDel

Hague Rd.

EnerDel

Site “Y”

Enertech

Korea

Products &

Operating Characteristics

Cell Fabrication                     

Mix, Coat, Assy

Pre-Charge

W/house,

Formation,

Aging

Mix, Coat, Assy

Pre-Charge,

Formation, Aging

Module & Pack Assembly

Assembly

Not

Applicable

Assembly

Non Automotive

Max Workdays Per Year

Shift Plan

Continuous

7 Day Operations

2 Shift

12 Hours / Shift

Net Productive

Hours/Day Average

20 Hours

20 Hours

20 Hours

MANUFACTURING – 2010 CAPACITY LOAD

Continuous

7 Day Operations

356

356

312

HAGUE ROAD

AXC 70 (SITE “Y”)

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2010 - 2011 PRODUCTION PLAN – CAPACITY RAMP

BREAKEVEN ANALYSIS
(CASH BASED)

Annual Sales

Revenue

CAPEX

$280 m

$1,016 m

$72 m

$237 m

Release I

Release II

Release III

Release IV

SALES  & CAPEX PLAN

15 k  Packs

15 k  Packs

15 k  Packs

15 k Packs

$118 m

DOE Grant

Capacity 1.56 M  kWh

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2010 Plan - Results

Cash Flow Break-even at 11,108 EV Packs

Capacity for 11,052 EV packs/year by December 2010 (sold-
out capacity)with ability to flex to 15,000 EV packs/year with
$10.2 million incremental capital

Annual Run Rate Revenue Potential of $186.8
millionexpandable to $280.5 million

Operating Platform for expansion of Worldwide Operations