A system for monitoring a battery assembly includes a processing device configured to receive measurement data from a plurality of battery components, and input the measurement data to a battery model configured to determine parametric data. Based on the battery model, the processing device is configured to acquire the parametric data, extract statistical information based on at least one parameter of each battery component, and input the statistical information to a failure identification module that includes a first classifier configured to determine whether the battery assembly is in a failure condition based on the statistical information. The processing device is configured to output a health indicator having a first value indicating that the battery assembly is healthy based on first classifier determining that the battery assembly is in the healthy condition, and a faulty value based on the first classifier determining that the battery assembly is in a failure condition.