Panasonic and Indian Oil have announced a joint venture to manufacture cylindrical lithium-ion batteries in India. The initiative is driven by the expected rise in demand for batteries for two- and three-wheel vehicles in the Indian market. The partnership aims to locally produce lithium-ion cells to meet the demands for 2 and 3-wheelers, contributing to India's green energy targets and boosting the export sector.
India Powering Up After Mega Battery Deal Indian Oil & Panasonic will make lithium-ion cells locally to meet the demands for 2 & 3-wheelers, it was announced Sunday. The JV is a major win for India in meeting green energy targets set by Delhi and a boost for the export sector. https://t.co/4FPh51ox9Q
PANASONIC ENERGY: INITIATIVE IS DRIVEN BY EXPECTED RISE OF DEMAND FOR BATTERIES FOR TWO- AND THREE-WHEEL VEHICLES IN INDIAN MARKET
#Panasonic to form JV with #IndianOil to manufacture cylindrical lithium-ion batteries in #India https://t.co/npp75UfUXa
Indian Oil and Panasonic Energy to form JV for lithium-ion cells https://t.co/tbjiN5M9my
Panasonic to form JV with Indian Oil to manufacture cylindrical lithium-ion batteries in India
Indian Oil, Panasonic Energy enter pact to make lithium cells https://t.co/T90TXPghpX https://t.co/sNa15yTCoy