I've made some good progress now that I have the build completely planned out.
I need to shorten the hydraulic hoses, so I ordered some new olives that should come on Monday, and I'm still waiting for the spokes to come so that I can build the wheel.
I spent all yesterday building the battery. I'm very pleased with the way it turned out. It's a 36v 6Ah battery that weighs 1kg, cost a total of £87 and it can deliver 30 amps. It's totally waterproof. I'll give more details when the bike is finished.
One problem I encountered was that there's no space in the crank for a pedal sensor. I haven't taken the crank off yet, but I'm guessing it's an Octalink type of spline. I wanted to change the cranks anyway to lighten them, so I ordered a Shimano FC-R565 Holotech one.
I can't remember if I mentioned it before, but these motors are sensorless, which means that you can't use the nice sine wave 48v KT controllers. Also, the main capacitor in the supplied Li Shui one is 50v, which might even be a bit dodgy for 12S (44V). I've run other controllers at 12S with 50v caps before, but they were a lot cheaper, so I didn't care about the risk. I think I would change the cap to at least 63V if I were going to use 12S.
Costs so far:
Donor: £250
Hydraulic brakes (used): £80
Motor kit: £125
Battery: £87
Rim: £20
Spokes: £12
Throttle: £7
PAS: £3
Handlebars: £10
Grips: £6
Crankset: £70
Sundries: £10
Total: £680
That's an absolute bargain for an electric bike with 9-speed gears and hydraulic brakes that weighs less than 12kg.