Ola Gigafactory For Its Own Battery Cells Now Under Construction

Modified On Jun 22, 2023 12:33 PM By Ansh

  • Write a comment

Operations are expected to start early next year with an initial capacity of 5GWh

In a push for localising the production of electric vehicle batteries in India, Ola has taken the initiative and started the construction of its Gigafactory, which will be the biggest one in the country when completed. The construction process has started in Krishnagiri, Tamil Nadu, and the facility will be spread across 115 acres.

Also Read: Elon Musk Confirms Tesla India Debut After Meeting Prime Minister Narendra Modi

Ola says that this factory will start operations early next year with a capacity of 5GWh (in battery cells) and once the factory is completed and running at its full potential, it will have a capacity of 100GWh. The company also invested a significant amount of money to set up a battery innovation center in Bengaluru last year

ola electric car

Ola also plans to further expand its operations in Tamil Nadu and to do that it has signed an MoU with the state government to expand its manufacturing capabilities of battery cells, electric bikes and electric cars. As part of this MoU, Ola will build manufacturing facilities and vendor and supplier parks in the state. With regards to Ola EVs, it had previously claimed that it has plans to introduce six models and will debut the first one in 2024.

Also See: First Spy Shots Of The Mahindra BE.05 Have Surfaced

As batteries remain one of the biggest input costs for EVs, localising the manufacturing of batteries will help reduce their overall costs and make them more affordable. Let us know what you think about this in the comments below.

Published by
Was this article helpful ?

4 out of 4 found this helpful

Write your Comment

Read Full News

Trending Electric Cars

  • Popular
  • Upcoming
We need your city to customize your experience