-
ALSO READ
Wardwizard Innovation starts operation of lithium-ion battery assembly line
Board of Wardwizard Innovations & Mobility to consider fund raising options via equity route
Board of Wardwizard Innovations & Mobility approves fund raising up to USD 150 mn
Board of Wardwizard Innovations & Mobility approves conversion of 26.37 lakh partly paid up equity shares
Board of Wardwizard Innovations & Mobility appoints director
-
Under the phased development plan of the EV ancillary cluster, the battery assembly line with a capacity of 1 GWh/year is a strategic move on the part of the company.
It has been done with a vision to ensure the highest quality standards where the company can have direct control on the quality and standards of their battery packs. Further, with this move, the company has taken a step to solidify its contribution to the existing EV ecosystem. The company has accomplished the target of rolling out the first batch of assembled battery packs recently from this unit.
The company further plans to expand its R&D operations and production of electronic components in the EV Ancillary Cluster.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.
Download the Business Standard App for latest Business News and Market News .
RECOMMENDED FOR YOU