Latest News | Exide Industries Developing Solutions for Hybrid, Electric Vehicles
Get latest articles and stories on Latest News at LatestLY. Lead acid battery maker Exide Industries Ltd is focusing on innovations for emerging applications like hybrid and electric vehicles, a company official said on Tuesday.
Kolkata, Sep 15 (PTI) Lead acid battery maker Exide Industries Ltd is focusing on innovations for emerging applications like hybrid and electric vehicles, a company official said on Tuesday.
A lithium-ion JV has been formed and is well placed with an assembly line having a capacity of 1.5 GWh, it said.
"The company is developing advanced solutions in the lead acid space for emerging applications, including hybrid vehicles and EVs," MD & CEO Gautam Chatterjee told shareholders at the annual general meeting.
He also spoke about introducing 'ultra-batteries' and other solutions in the energy storage space and the lithium chemistry domain.
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Chatterjee said with declining upfront costs and gradual improvement in technology, higher production of electrified vehicles is feasible now.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)