Toshiba India Private Limited has signed an agreement with EVage Automotive Private Limited to supply its SCiB rechargeable lithium-ion cells to power the next 10,000 EVage commercial electric vehicles (EVs). This collaboration has come into effect after two years of research and development for incorporating these cells into EVage’s proprietary ultra-stable and rapid charging battery packs.
The agreement ensures that enough cells will be available in the year 2023 to meet EVage’s aggressive production ramp-up and to fulfil the thousands of existing reservations for its delivery vans in India. This partnership with Toshiba India also ensures that EVage meets its cost and margin targets.
Recently in September 2022, Hero MotoCorp and Hindustan Petroleum Corporation Limited partnered to develop charging infrastructure for EVs in India. The companies will set up charging infrastructure for two-wheeler EVs across the country as part of this initiative.
