Ola electric to make battery cells under center's PLI scheme

 Ola Electric said it has signed an agreement under the Centre’s production-linked incentive (PLI) scheme to manufacture advanced cells in India. Ola is the only Indian electric mobility company selected by the Government of India under its ambitious Rs 80,000-crore cell PLI scheme, receiving a maximum capacity of 20 gigawatt hour. 

90 per cent of global capacity for cell manufacturing is in China. To reverse this import dependency, locally manufactured cell technology is necessary. Advanced chemistry cell will be instrumental in making India self-reliant and localising the most critical aspects of the electric vehicle (EV) value chain.

Ola had recently unveiled India’s first indigenously developed lithium-ion cell NMC 2170 and is investing heavily in developing core research and development (R&D) to create indigenous advanced cell technologies. To begin mass production of its cell from its upcoming 50 GWh Gigafactory, Ola has brought in global suppliers from Germany, South Korea, Japan.