Mukesh Ambani says he will make batteries ahead of a boom in electric vehicles⁠

Mukesh Ambani says he will make batteries ahead of a boom in electric vehicles⁠
Business Insider India
23-02-2021
© BCCL
Mukesh Ambani says he will make batteries ahead of a boom in electric vehicles⁠
As of now, Ambani’s plan sounds a lot like Elon Musk’s Tesla minus the electric vehicles.
India’s richest man is making a strategic shift towards renewable energy.
This is significant because over 60% of RIL’s consolidated revenue comes from fossil fuels and their by-products.
Global investment bank Morgan Stanley expects RIL to pump in $13 billion to $15 billion into renewable energy space in the next 10 years.

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