Ola’s Electric Scooters to get 25 % cheaper thanks to locally produced lithium ion cells

Ola Electric is all set to locally produce lithium ion cells, and doing this will result in the company’s electric scooters getting cheaper by a whopping 25 %. Currently, the Ola S1 Pro – the brand’s only electric scooter on sale – is priced at Rs. 1.53 lakh, on-road Bangalore. Producing the lithium ion cells locally is expected to reduce battery prices by about 40 %, which when set against the overall price of the electric scooter, will result in a 25 % price cut.

A 25 % price reduction on the back of locally produced lithium ion cells will reduce the starting price of the Ola S1 Pro to about Rs. 1.2 lakh, making it extremely attractive to buyers. You’ll have to wait another year for Ola electric scooter prices to fall though. Ola Electric plans to begin producing lithium ion cells at its GigaFactory, which will begin production sometime in 2023.

Lithium Ion cells aren’t manufactured in India but are imported from countries such as China, South Korea, Taiwan and Japan. Importing these cells adds a significant amount of cost to the final price of electric vehicles, making them quite unaffordable for most buyers. Local production will not just reduce price of Ola electric scooters but could also reduce prices of other electric vehicles if Ola Electric sells the locally produced lithium ion cells to other electric vehicle manufacturers.

To know more: https://www.cartoq.com/olas-electric-scooters-to-get-25-cheaper-thanks-to-locally-produced-lithium-ion-cells/

Comments

Khajan Singh Tokas is an Indian Swimmer, Who Remained National Swimming Champion of India

Khajan Singh Tokas is one of the most outstanding swimmers India has ever produced. Born on 6 May 1964, in a small village of Munirka in Delhi, Khajan Singh stands tall in a sport, where mediocrity has been the byword for Indian sportspeople. He is currently working with Central Reserve Police Force (CRPF) and his achievements in swimming are still fresh in the minds of sports enthusiasts of the country. Khajan Singh Tokas is one of the most outstanding swimmers India has ever produced. He is currently DIG at CRPF. Born on 6 May 1964, in a small village of Munirka in Delhi, Khajan Singh stands tall in a sport, where mediocrity has been the byword for Indian sportspeople. He made a sensational debut in competitive swimming, when he bagged five gold medals at the National School Championships held in 1981-82. While he is currently working with Central Reserve Police Force (CRPF), his achievements in swimming are still fresh in the minds of sports enthusiasts of the country. Khajan...

Today in Politics: Modi, Kharge, and Rahul Gandhi Ramp Up Campaigns

As the Lok Sabha elections approach their final phase, political heavyweights are making a strong push in key battlegrounds. Here’s a look at the latest developments in the campaign trail: PM Modi will address a rally in Mathurapur in South 24 Parganas district in West Bengal .Congress leader Rahul Gandhi will address the election rallies in Ludhiana and Patiala in Punjab. Modi and Kharge in Odisha On Wednesday, Prime Minister Narendra Modi and Congress President Mallikarjun Kharge will intensify their campaigns in Odisha. This comes just before the seventh and final phase of the Lok Sabha polls on June 1. PM Modi will start his day with a rally in Mathurapur, South 24 Parganas district, West Bengal. He will then head to Odisha, where he will address public meetings in Mayurbhanj, Balasore, and Kendrapara. Meanwhile, Kharge will be holding rallies in Balasore and Bhadrak. Voting will take place in six Lok Sabha constituencies and 42 Assembly seats within these constituencies. Rahu...

Sudan conflict: Situation 'heartbreaking', says WHO; 61 per cent health facilities closed in Khartoum

In the capital Khartoum, 61 per cent of health facilities are closed, and only 16 per cent are operating as normal. Many patients with chronic diseases are unable to access the health facilities. The Sudanese doctors' union says 13 hospitals nationwide have been shelled and 19 others evacuated since fighting began. WHO on Wednesday said the bloodshed seen over the past 10 days in Sudan, where people have already suffered so much in recent years, is heartbreaking. In a media briefing, the director general of the World Health Organisation, Tedros Adhanom Ghebreyesus welcomed the ceasefire agreed between the parties. We urge all parties to fully respect it"," he said. Already, the violence has taken a terrible toll on health. On top of the number of deaths and injuries caused by the conflict itself, WHO expects there will be many more deaths due to outbreaks, lack of access to food and water, and disruptions to essential health services, including immunization, Tedros sa...

Summary Station

Search This Blog