Skip to site menu Skip to page content

India’s Ola Electric working to build solid-state batteries

Chairman says commercial production expected early next year

Dani Cole July 02 2024

India's Ola Electric is working to build solid-state batteries and expects its vehicles to be powered by its own cells next year, Reuters reports.

Chairman Bhavish Aggarwal said: "We are in very early stages of our experimentation on solid state batteries.”

He also said that he expects Ola's own cells to power its electric scooters by early next year, when commercial production begins at its cell 'gigafactory' in Tamil Nadu state, in south India.

Localising cell manufacturing is seen as a key step in bringing down upfront costs of EVs, with cell sourcing among the biggest costs for most EV makers, Reuters noted.

At present, Ola does not produce its own cells but sources them from South Korea's LG Energy Solution and China's Contemporary Amperex Technology (CATL).

The factory, owned by a unit of Ola Electric, has been selected for the government's battery manufacturing incentive scheme.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close