Wardwizard Starts Operations Of In-house Lithium-ion Battery Assembly Line

Electric vehicle maker Wardwizard Innovations and Mobility has commenced operations of its in-house lithium-ion battery assembly line with a capacity of 1 GWh, the company said on Friday.

The company has accomplished the target of rolling out the first batch of assembled battery packs recently from this unit, it said.

Wardwizard Innovations and Mobility in May last year announced its plan to set up a Lithium-ion cells manufacturing facility in Gujarat.

Aiming to strengthen the battery infrastructure in India, the company also had signed a Memorandum of Understanding (MoU) with a Singapore-based renewable energy management consulting firm, Sunkonnect.

The facility is part of the phase-1 development of the electric vehicle ancillary cluster at Vadodara in Gujarat, the company said.

It also said that the company further plans to expand its R&D operations and production of electronic components in the EV Ancillary cluster.

"As we are observing rising demand for EVs, quality and safety are of utmost priority, and with our in-house battery assembly line, Wardwizard is a step closer to contributing to the Evolution," said Yatin Gupte, Chairman and Managing Director of Wardwizard Innovations Mobility Ltd.

This step will further make EVs more affordable than before, he said.

"We are actively working on scaling the capacity of our battery assembly and starting the manufacturing of other components, including chassis, motors, and steel parts, as well as lithium-ion cells, in the near future," he added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

Revoluts Australian Banking Licence Game Changer

Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more

The AI Bank Is Coming, But Who Controls The Risk?

Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more

ClearBank UK Profit Leads To European Growth

ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more

Bank Of London Continues To Rebuild

ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more

JPMorgan's Berlin Moment: Chase Takes On Europe

There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more

What Strategy's Bitcoin Sale Really Tells Us

There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more