1. Home
  2. Infrastructure Energy
  3. POWER & RENEWABLE ENERGY
  4. Ola Electric developing solid-state batteries, says chairman
Ola Electric developing solid-state batteries, says chairman
POWER & RENEWABLE ENERGY

Ola Electric developing solid-state batteries, says chairman

02 Jul 2024 2 Min Read CW Team
Ola Electric, an Indian electric scooter manufacturer backed by SoftBank Group, is developing solid-state batteries and plans to power its vehicles with its own cells by next year, according to founder and chairman Bhavish Aggarwal.

Aggarwal mentioned that the company is in the early stages of experimenting with solid-state batteries. He anticipates that Ola's electric scooters, among the best-selling in India, will be powered by these cells when commercial production starts early next year at their cell 'gigafactory' in Southern Tamil Nadu.

The gigafactory, owned by a unit of Ola Electric, has been chosen for the government's battery manufacturing incentive scheme. Solid-state batteries are expected to provide improved safety, a longer lifespan, and faster charging compared to conventional lithium-ion batteries, which use flammable liquid electrolytes. However, mass adoption of solid-state batteries has been challenging due to constraints in raw material availability, complex manufacturing processes, and high costs.

Japan's Toyota Motor, the world's largest automaker, is a major advocate of solid-state batteries and plans to launch them globally in the next few years.

Currently, Ola does not produce its own cells and sources them from South Korea's LG Energy Solution and China's Contemporary Amperex Technology. Localising cell manufacturing is considered a crucial step in reducing the upfront costs of electric vehicles, as cell sourcing is one of the biggest expenses for most EV makers.

Ola has started manufacturing the more efficient 4680 form of battery cells, but only for testing purposes. These cells are known to be more efficient than the widely used 2170 cells, but many companies, including Tesla, have faced challenges in scaling up production.

Ola Electric, an Indian electric scooter manufacturer backed by SoftBank Group, is developing solid-state batteries and plans to power its vehicles with its own cells by next year, according to founder and chairman Bhavish Aggarwal. Aggarwal mentioned that the company is in the early stages of experimenting with solid-state batteries. He anticipates that Ola's electric scooters, among the best-selling in India, will be powered by these cells when commercial production starts early next year at their cell 'gigafactory' in Southern Tamil Nadu. The gigafactory, owned by a unit of Ola Electric, has been chosen for the government's battery manufacturing incentive scheme. Solid-state batteries are expected to provide improved safety, a longer lifespan, and faster charging compared to conventional lithium-ion batteries, which use flammable liquid electrolytes. However, mass adoption of solid-state batteries has been challenging due to constraints in raw material availability, complex manufacturing processes, and high costs. Japan's Toyota Motor, the world's largest automaker, is a major advocate of solid-state batteries and plans to launch them globally in the next few years. Currently, Ola does not produce its own cells and sources them from South Korea's LG Energy Solution and China's Contemporary Amperex Technology. Localising cell manufacturing is considered a crucial step in reducing the upfront costs of electric vehicles, as cell sourcing is one of the biggest expenses for most EV makers. Ola has started manufacturing the more efficient 4680 form of battery cells, but only for testing purposes. These cells are known to be more efficient than the widely used 2170 cells, but many companies, including Tesla, have faced challenges in scaling up production.

Next Story
Building Material
04 Jul 2024

ABB's PixelPaint selected by Mahindra, to deliver premium paint options

ABB's innovative PixelPaint technology has been selected by Mahindra & Mahindra (M&M), India?s leading SUV manufacturer, for its new electric vehicle paint facility. The technology, which uses an award-winning paint head "Our revolutionary PixelPaint technology can apply large areas of uniform color as well as the tiniest details with complete accuracy, without delaying the production line or the need for manual intervention,? said Joerg Reger, Managing Director of ABB Robotics Automotive Business Line. "By deploying PixelPaint-equipped robots in dedicated cells, Mahindra's paint shop ..

Read More
Next Story
Infrastructure Urban
04 Jul 2024

VE Commercial Vehicles sells 7424 units in June 2024

VE Commercial Vehicles (A Volvo Group and Eicher Motors joint venture) recorded sales of 7424 units in June 2024 as compared to 6715 units in June 2023, a growth of 10.6%. This includes 7314 units of the Eicher brand and 110 units of the Volvo brand. The following are details for June 2024: Eicher branded trucks & buses have recorded sales of 7314 units in June 2024 as compared to 6527 units in June 2023 representing a growth of 12.1%. In the domestic CV market, Eicher branded trucks & buses have recorded sales of 6893 units in June 2024 as compared to 6277 units in June 2023, repr..

Read More
Next Story
Infrastructure Urban
04 Jul 2024

Cavotec inaugurates new production facility in Chennai

Cavotec, a leading cleantech company, is pleased to announce the inauguration of its new production facility in Chennai. This strategic expansion is aimed at serving both the fast growing domestic market in India and the extensive global market. The new facility will cater to the domestic Indian market with an array of products, including various types of reels designed for both industrial and ports & maritime customers. Additionally, the new site will enhance the production capacity for shore power solutions, reflecting Cavotec's commitment to innovation and sustainability in maritime op..

Read More

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

ABB's PixelPaint selected by Mahindra, to deliver premium paint options
Paint
04 Jul 2024

ABB's PixelPaint selected by Mahindra, to deliver premium paint options

VE Commercial Vehicles sells 7424 units in June 2024
ECONOMY & POLICY
04 Jul 2024

VE Commercial Vehicles sells 7424 units in June 2024

Cavotec inaugurates new production facility in Chennai
ECONOMY & POLICY
04 Jul 2024

Cavotec inaugurates new production facility in Chennai

IEX records a 24.7% increase in electricity volumes
ECONOMY & POLICY
04 Jul 2024

IEX records a 24.7% increase in electricity volumes

Shell to suspend construction work at Dutch biofuels project
POWER & RENEWABLE ENERGY
04 Jul 2024

Shell to suspend construction work at Dutch biofuels project

Orders worth $9.28 million were bagged by TD Power Systems.
POWER & RENEWABLE ENERGY
04 Jul 2024

Orders worth $9.28 million were bagged by TD Power Systems.

UP govt will invest Rs 750 million in energy projects
POWER & RENEWABLE ENERGY
04 Jul 2024

UP govt will invest Rs 750 million in energy projects

CG Power to complete capacity expansion worth Rs 6.6 Bn
POWER & RENEWABLE ENERGY
04 Jul 2024

CG Power to complete capacity expansion worth Rs 6.6 Bn

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000

Join us Telegram