Simple Energy, C4V will Collaborate to Manufacture Lithium-ion Cells in India

Apr 7, 2022 04:30 PM ET
  • The partnership wants to generate one of the most advanced Lithium-ion battery technology which will power Simple Energy's upcoming two-wheeler and four-wheeler.
  • The lithium-ion cell facility will certainly turn up in the Dharmapuri plant of Simple Energy in Tamil Nadu.

Bengaluru based electric two-wheeler maker Simple Energy has claimed that it has actually authorized an initial deal with the US-based battery technology firm C4V (Charge CCCV) to establish a Lithium-ion cell production ecosystem in India. The electric vehicle field is currently based around lithium-ion battery cells.

Simple Energy stated that the cell production ecological community will certainly be a build-in India campaign. Its strategic partnership with C4V is meant to supply lithium ion batteries with greater safety and security, higher energy density than Lithium Ferro Phosphate batteries, faster billing and longer life cycle based on the trademarked technology of C4V.

Simple Energy had launched its maiden electric scooter in August 2021 however is yet to begin shipment in the marketplace. The lithium-ion cell advancement as well as manufacturing facilities will show up in the Dharmapuri plant of Simple Energy in Tamil Nadu. The company has announced ambitious strategies to generate well over a million scooters annually by 2026. It wants to offer 100,000 Simple One scooters in FY 23.

Shreshth Mishra, Co-Founder, Simple Energy, said, "By partnering with C4V, we will combine cell supply, which is a vital component for us. This method likewise makes us more self-reliant and also reduces our dependence on imports." He likewise stated that internal development of cell technology will reduce prices and dependency on rare earth materials.

Kuldeep Gupta, Vice President (Strategic Partnership), C4V informed, "C4V is anticipating this tactical cooperation, thus supporting the development of the EV market in India." He claimed that the oil prices are escalating and also the warm is currently being felt out there. He added that encouraging local manufacturing will not just reduce the burden of import duties but additionally make sure the prompt supply of top quality batteries in the EV area, boosting the confidence of Original Equipment Manufacturers (OEMs) in the electric mobility market.

The official statement of the company notifies that C4V is toiling to maintain India's extensive residential supply chain needed to generate the most innovative Lithium-ion battery technology which powers Simple Energy's upcoming two-wheeler as well as four-wheeler.

C4V is also ready to commission its iM3NY Gigafactory in New york city. The manufacturing is expected to begin in the next couple of months.

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