Electrotherm to make batteries for electric vehicles
Ahmedabad-based Electrotherm (India) Ltd has inked a MoU with Canadian firm Electrovaya to form a joint venture for manufacturing lithium ion polymer batteries.
By TNN |
AHMEDABAD: Ahmedabad-based Electrotherm (India) Ltd has inked a MoU with Canadian firm Electrovaya to form a joint venture for manufacturing lithium ion polymer batteries.
The joint venture will set up an advanced lithium super polymer battery plant with a capacity of up to 10 mw hours a month. The batteries will be sold in the zero-emission electric vehicle market in India and abroad.
At the signing of the MoU, CEO Mukesh Bhandari said: “With the new lithium super polymer tech-nology, we will be able to produce electric vehicles that are the best in the world. The company’s target market is global and includes India, neighbouring countries in Asia as well as North America and Europe.”
The joint venture will set up an advanced lithium super polymer battery plant with a capacity of up to 10 mw hours a month. The batteries will be sold in the zero-emission electric vehicle market in India and abroad.
At the signing of the MoU, CEO Mukesh Bhandari said: “With the new lithium super polymer tech-nology, we will be able to produce electric vehicles that are the best in the world. The company’s target market is global and includes India, neighbouring countries in Asia as well as North America and Europe.”
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