Ola Electric’s lithium battery cell gigafab in Tamil Nadu will start commercial production next month. The company had started construction of the facility in June last year.
Ola was awarded a 20 GWh capacity under the government’s Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage. The facility will initially have a capacity of 5 GWh. Ola plans to eventually expand the fab capacity to 100 GWh annually.
The gigafactory will be housed within the EV hub being built by Ola in the state.
Speaking at Tamil Nadu Global Investors Meet 2024, Bhavish Aggarwal, founder and CEO of Ola Electric said, “Today, we are building India’s largest EV hub in the Krishnagiri district of the state [Tamil Nadu] with a vision to set up manufacturing facilities including India’s first and one of the world’s largest gigafactories in the state with an envisioned capacity of 100 GWh at full scale and a two-wheeler manufacturing facility with an envisioned capacity of 10 million units a year. Spread over 2000 acres, the EV hub will also house vendor and supplier parts in addition to our existing EV manufacturing facility and gigafactory.”
Aggarwal said, Ola is committed to building a robust EV ecosystem and expanding its horizons to technologies of the future, including EVs, artificial intelligence, semiconductors, energy storage, and much more.
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