August 10, 2022

Ola Electric unveils lithium-ion cell, to begin mass production by 2023



Ola Electric on Tuesday unveiled a locally developed lithium-ion cell – NMC 2170 – and the company will begin mass production of its cell from its upcoming Gigafactory by 2023.

The state-of-the-art cylindrical high-nickel Ola cell uses NMC on the cathode side; and graphite and silicon on the anode side.

The use of specific chemistry and materials allows the cell to store more energy in a given space and also improves the overall life cycle of the cell. The cell was developed keeping the native conditions at the core.

“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 affordable in the world,” Bhavish Aggarwal, Founder and CEO, Ola Electric, said in a statement.

“Our first locally manufactured Li-ion cell is also the first of a long series in our cell technology roadmap. It is important for India to have a robust local electric vehicle ecosystem to become a hub world of electric vehicles,” added Aggarwal.

The company said it is committed to investing in basic research and development to create indigenous advanced cellular technologies, build manufacturing capabilities, and create an integrated hub for Ola electric vehicles. It was recently awarded a capacity of 20 GWh under the ACC PLI program by the Government of India to develop advanced cells in India and is setting up a state-of-the-art cell manufacturing facility with an initial capacity of up to to 20 GWh, locating the most critical part of the electric vehicle value chain.

The company is also recruiting the best talent in cell research and development from around the world and will employ 500 doctors and engineers.

–IANS

vc/shb/

(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.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor