Categories: Business

Ola introduces India’s first indigenously made lithium ion-cell

Ola Electric has unveiled the country’s first indigenously developed lithium-ion cell. The Bengaluru-based two-wheeler maker will begin the mass production of the cell- NMC 2170, from its Chennai-based Gigafactory by 2023. The use of specific chemicals and materials enables the cell to pack more energy in a given space and also improves the overall life cycle of the cell.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

About the Ola Electric:

  • Ola is building the world’s most advanced cell research centre that will enable us to scale and innovate faster, and build the most advanced and affordable EV products in the world with speed.
  • The company was recently allocated 20GWh capacity under the ACC PLI scheme by the govt for developing advanced cells in India.
  • Ola Electric launched its first electric vehicle in August 2021 and has also set up the world’s largest two-wheeler manufacturing facility in India.

Important takeaways for all competitive exams:

  • Ola Electric Founder: Bhavish Aggarwal;
  • Ola Electric Founded: 2017.

Find More Business News Here

Sumit Arora

Recent Posts

Top-10 Silk Producing States in India 2024

Silk, often hailed as the queen of textiles, holds a significant place in India's cultural…

5 hours ago

World Tuna Day 2024 Observed Annually on May 2nd

World Tuna Day, observed annually on May 2nd, is dedicated to raising awareness about the…

7 hours ago

MCA Approves Hitesh Sethia as Jio Financial Services’ MD and CEO for 3 Years

The Ministry of Corporate Affairs (MCA) has granted its approval for the appointment of Hitesh…

7 hours ago

Top-10 Beautiful Gardens in the World 2024

India, renowned for its rich tapestry of natural landscapes and cultural heritage, is home to…

7 hours ago

Acclaimed Author Paul Auster Passes Away at 77

Paul Auster, the renowned American novelist and filmmaker, has passed away at the age of…

7 hours ago

Playback Singer Uma Ramanan Bids Adieu at 72

Renowned playback singer Uma Ramanan, who predominantly sang in Tamil, passed away at the age…

7 hours ago