mahindra, lg chem to develop li-ion battery

New Delhi: car manufacturer Mahindra & Mahindra (M&M)
Announced a draw. up with Korea-
The battery manufacturer, based in LG Chem, specializes in developing a unique battery for India.
LG Chem will develop a unique battery specifically for Indian applications and will provide Li-ion (lithium-ion)
Cells based on NMC (nickel-manganese-cobalt)
M & M said in a press release that it is a chemical of high energy density.
M & M said the batteries will be deployed in the Mahindra and SsangYong series of electric vehicles.
LG Chemical will also design Li-
The ion battery module for Mahindra Electric, which in turn will make battery packs for the Mahindra Group and other consumers.
\"This association with LG Chem will give Mahindra the necessary opportunity to acquire advanced battery technology and will also enable us to deliver globally competitive products, hemant Mahindra and Mahindra, president and chief purchasing officer
He said the company is preparing to scale up according to the expansion plan to meet the expected demand in the near future.
LG Chem executive vice president of energy solutions company J. H. Kim said: \"LG Chem expects this partnership to be one of the unforgettable moments for electric vehicles to commercialize in the Indian market.
M & M said that a battery module plant was also under development considering the investment plan announced last year.
The plant will have the capacity of half a million battery modules per year and will also have a battery module package production line.
The entire facility for modules and packaging is expected to be put into production in the last quarter of 201920.