August 10, 2022

Ola Electric Unveils Indigenous Li-ion Cell; mass production from 2023

Ola Electric on Tuesday unveiled the first locally developed lithium-ion cell in the country.

The Bengaluru-based two-wheeler maker said it will start mass production of the airframe – NMC 2170, from its Chennai-based Gigafactory by 2023.

Using specific chemistry and materials allows the cell to store more energy in a given space and also improves the cell’s overall life cycle, the company said in a statement.

The cell was developed keeping indigenous conditions at the core, he added.

“A cell is at the heart of the electric vehicle revolution. Ola is building the world’s most advanced cell research center that will allow us to scale and innovate faster, and rapidly build the most electric vehicle products most advanced and most affordable in the world,” said the founder of Ola Electric. and CEO Bhavish Aggarwal noted.

The first locally-made Li-ion cell is also the first of a long series in the company’s cellular technology roadmap, he added.

“Having a robust local EV ecosystem is important for India to become a global EV hub,” Aggarwal said.

Ola Electric said it is committed to investing in core R&D to create indigenous advanced cellular technologies, build manufacturing capabilities, and create an integrated hub for Ola Electric vehicles.

The company was recently awarded a capacity of 20 GWh under the ACC PLI program by the Indian government to develop advanced cells in the country, and is setting up a cell manufacturing plant with an initial capacity of up to ‘at 20 GWh, locating the most critical part of the EV. value chain.

The company is also recruiting top cellular R&D talent from around the world and will employ 500 doctors and engineers, he said.

Ola Electric launched its first electric vehicle in August 2021 and set up the world’s largest two-wheeler manufacturing plant in India.

He is working to build a strong electric vehicle roadmap to accelerate the transition to electric mobility.

Currently, the company is also developing its first four-wheeled electric vehicle.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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