Mahindra has signed a contract with LG Chem to supply batteries for the electric vehicles currently under development by Mahindra and SsanYong. They plan to use lithium ion batteries on the basis of NMC (Nickel, Mangan, Cobalt), as well as new concepts.
The new battery concepts were reportedly developed specifically for Mahindra by LG. LGs managing director Kim Jong Hyeon spoke of the connection to a mile stone in the commercialization of the Indian EV market. Mahindras President & Chief Purchase Officer Hemant Sikka also stated the agreement would open doors and possibilities: “This association with LG Chem will give Mahindra the requisite access to advanced battery technology and will also enable us to deliver globally competitive products”.
Recently, Mahindra announced their plans to invest 9 billion rupees (About 113 million euro) into the development of electric vehicles. The investment is designed to improve production capacity in India, among other things. The car manufacturer also announced their plans to offer an electric version of most of their car models in the near future.
At the Auto Expo Mahindra also offered a peak at its new Electric Scalable Modular Architecture (MESMA), which it plans to use as a basis for all new electric vehicle models, with the starting date set in for in three years. SsangYong has announced a new concept car for the Geneva Motor Show, which will be an electric SUV.
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