Two-wheeler OEM Ola Electric has unveiled India’s first domestically developed lithium-ion cell, and now aims to mass produce it from next year.
The company aims to make its NMC 2170 cells at its Chennai-based gigafactory by 2023, which will have an initial capacity of 20GWh, according to news outlet BusinessToday.In.
In March, the Bengaluru-based company was allocated 20GWh capacity under the Advanced Chemistry Cell (ACC) Production Linked Incentive (PLI) scheme run by the Government of India for developing advanced cells in the country.
Ola Electric launched its first electric vehicle in August 2021 and has set up a two-wheeler manufacturing facility in India.
The company is also in the process of developing its first electric four-wheeler.