To support electric vehicle revolution in India
Mahindra & Mahindra and LG Chem, Korea's leading manufacturer of advanced batteries, announced a collaboration in the field of advanced Li-ion battery technology.As part of this collaboration, LG Chem will develop a unique cell exclusively for India application and will also supply Li-ion cells based on NMC (nickel-manganese-cobalt) chemistry with high energy density.
These cells will be deployed in the Mahindra and Ssang Yong range of electric vehicles. LG Chem will also design the Li-ion battery modules for Mahindra Electric, which in turn will create battery packs for the Mahindra Group and other customers.
In keeping with the investment plan already announced by Mahindra last year, a battery module plant is also under development. The plant will have a capacity of half a million battery modules per annum and will also house a battery module pack line and the entire facility for both module and pact is expected to go into production in the last quarter of FY 2020.
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