India eased rules for capital expenditure by government departments, as it seeks to spur spending in an economy that is trying to shake-off the impact of a new wave of coronavirus infections.
Ola To Spend $2 Billion On Charging Network That It Doesnât Want To Share
Apr 22 2021, 7:23 PM
April 22 2021, 7:23 PM
April 22 2021, 7:23 PM
Ola Electric Mobility Pvt. plans to set up the worldâs largest, densest charging network for electric two-wheelers but wonât share it with other battery-powered vehicle makers.Ola will invest around $2 billion in the next five years to build the Hypercharger Network, comprising high-speed 1,00,000 charging points in 400 cities, Bhavish Aggarwal, chairman and group chief executive officer at the online cab aggregator, said in response.
Ola Electric Mobility Pvt. plans to set up the worldâs largest, densest charging network for electric two-wheelers but wonât share it with other battery-powered vehicle makers.
New Ola GC Sandeep Chowdhury
ANI Technologies Pvt Ltd, the parent company of now multiple
Ola-branded businesses, has hired Nuvoco Vistas Corp chief general counsel (GC)
Sandeep Chowdhury as its new GC.
Chowhury, who had joined around a month ago, said: “We have around a 10 member team and I need to ramp up the team, given the business and the different things we’ve been planning to do.
“We need to be at least 15 member team in a short time.”
ANI and its legal team operate primarily along the three business lines dubbed mobility (its original cab aggregation / transportation business), financial services and food services.
The son-in-law of India’s biggest steel tycoon is betting big on converting coal tar into graphite anodes for electric-car batteries in a bid to test China’s monopoly in the sector.
Vikram Handa set up Epsilon Advanced Materials Pvt India’s first manufacturer of lithium-ion battery parts in the southern state of Karnataka in August, sourcing the raw material from the largest steel mill in the country that’s owned by his father-in-law, Sajjan Jindal. Handa plans to invest 60 billion rupees ($807 million) to produce 100,000 tons of synthetic graphite anode by 2030, or about 10% of estimated global demand.
Anode materials are the negative electrode in lithium-ion batteries and account for a quarter of a cell’s components. China has been producing more than 80% of the world’s supply of these anodes, importing raw materials from countries including India. By producing the anodes in India, Handa aims to transition the South Asian nation from a battery minerals centre to a
In Karnataka, the new $ 800 million factory is aiming to take on a big China monopoly
0 1 3 minutes read
Epsilon plans to produce 100,000 tonnes of synthetic graphite anodes by 2030. (Representative image)
Son-in-law of India’s largest steel tycoon is betting big on converting coal tar to graphite anode for electric car batteries to test China’s monopoly in the region.
Vikram Handa founded Epsilon Advanced Materials Private Limited. The first manufacturer of lithium ion battery parts in India – in August in the southern state of Karnataka, sourcing raw materials from the country’s largest steel mill owned by his father. Law, Sajjan Jindal. Handa plans to invest 60 billion rupees ($ 807 million) by 2030 to produce 100,000 tons of synthetic graphite anodes, or about 10% of projected global demand.