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Ola's battery cell ambition enters choppy waters
May 19, 2025
|Hindustan Times Haryana
Ola Electric Mobility Ltd was betting on its gigafactory to shun dependence on Chinese cells for its batteries.
NEW DELHI: But its capacity expansion is behind schedule, exposing it to risks of higher costs, loss of government incentives and even technology going obsolete.
Ola Cell Technologies Private Ltd (OCT), a wholly owned subsidiary of Ola Electric Ltd, began constructing its gigafactory in May 2023 in four phases to produce lithium-ion cells for electric vehicle batteries.
Of ₹5,500 crore the company raised by issuing fresh shares in August 2024, it set aside ₹1,227 crore to expand the capacity of its facility to 6.4 GWh in the second phase by April 2025.
هذه القصة من طبعة May 19, 2025 من Hindustan Times Haryana.
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