304 North Cardinal St.
Dorchester Center, MA 02124
Ola Electric, the poster boy for India’s electric vehicle (EV) dreams, will spend $500 million on research and development (R&D) for batteries. The question is whether R&D investment alone can alleviate the EV industry’s woes. Mint explains:
On July 18, Ola Electric said it will invest $500 million in a battery innovation center (BIC) to develop complete packages of battery pack design, manufacturing and testing. BIC, according to the company, will be one of the largest and most advanced battery cell research and development facilities in the world and will have a wealth of “unique and state-of-the-art” laboratory equipment, including 165 items that cover various aspects of battery cell research. The company’s innovation center will also be able to produce all forms of battery cells used in EVs, including cylindrical, case, coin and prismatic cells.
In April, Ola Electric recalled 1,441 two-wheelers after the government warned of preventive measures against firms that do not meet safety norms. This happened as a result of a fire in electric two-wheelers. Users have also reported speed issues and battery connection issues. Experts often blamed this on a lack of research into batteries suitable for Indian conditions. Electric car firms have been accused of buying off-the-shelf batteries and installing them in their two-wheelers without confirming whether they will be able to withstand Indian weather and road conditions.