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Exide Industries developing solutions for hybrid, electric vehicles

Chatterjee said with declining upfront costs and gradual improvement in technology, higher production of electrified vehicles is feasible now

Topics
Exide Industries | hybrid car | Electric Vehicles

Press Trust of India  |  Kolkata 

Amara Raja batteries, Exide

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.)

First Published: Tue, September 15 2020. 22:14 IST
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