OLA Planning To Become Best In Electric Vehicles In India:
Know More!
Author: Kanika Gupta
Date: 21 Feb 2023
Time: 5:30 am
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In order to localise the supply chain for cleaner transportation, India's Ola Electric Mobility Pvt. wants to invest 76.1 billion rupees ($920 million) in the construction of what it claims will be the largest electric vehicle hub in the world.
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In addition to housing vendor and supplier parks, the hub, which covers 2,000 acres (809 hectares) in Tamil Nadu, in southern India, will be utilised to produce electric two-wheelers, vehicles, and battery cells.
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While localising vital EV supply chain components like batteries will lower the cost of EVs, India only has a small portion of the raw materials required to meet domestic demand for lithium-ion batteries.
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