- Ola Electric’s Chennai Gigafactory will be responsible for the new NMC 2170 cell
- Over 500 engineers and PhDs will be reportedly hired to improve R&D talent
- Ola Electric teased its upcoming EV recently
Ola Electric has announced India’s first locally developed Lithium-ion cell, known as NMC 2170. The manufacturer said it will commence mass production of this cell in 2023 from its production unit in Chennai.
“A cell is the heart of the EV revolution. Ola is building the world’s most advanced cell research center that will enable us to scale and innovate faster, and build the most advanced and affordable EV products in the world with speed,” Founder and CEO of Ola Electric, Bhavish Aggarwal said.
He added that a “robust” Indian EV ecosystem is essential to realise the country’s dream of becoming a global hub for EVs. Aggarwal pointed out that this home-grown Lithium-ion cell is only the start of many more similar products to come in the future.
Ola Electric will hire over 500 PhDs and engineers for its R&D team
Speaking on the construction of the new cell, the company said the use of the right materials allows more energy to be stored within a specific area, consequently improving its life cycle. Ola Electric is keen on bolstering its manufacturing while also investing in R&D to create newer and more advanced cell technologies. Ola Electric will reportedly hire over 500 engineers and PhDs from all over the world to improve its R&D talent.
The company established the world’s largest two-wheeler manufacturing/assembly unit in India in August 2021. Moreover, Ola Electric is also planning to reveal its first-ever EV in the future.
The Government of India approved Ola Electric’s application under the ACC PLI scheme. The company is currently in the process of establishing a 20GWh manufacturing unit.