 "Exide Industries developing solutions for hybrid, electric vehicles")
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.
Chatterjee said with declining upfront costs and gradual improvement in technology, higher production of electrified vehicles is feasible now.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app