By leveraging C4V’s expertise, Simple Energy would put it to use in its upcoming electrical merchandise, together with an electrical 4-wheeler.
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Simple One electrical scooter is being ready at firm’s Hosur plant.
Simple Energy has signed an MoU with Charge CCCV or C4V, a US-based lithium-ion battery expertise firm, for establishing a lithium-ion cell manufacturing unit in India. By leveraging C4V’s expertise, Simple Energy would put it to use in its upcoming electrical merchandise, together with an electrical 4-wheeler. The new manufacturing unit would produce safer, larger power density, sooner charging, and longer lifecycle-based batteries for its electrical merchandise. The firm’s flagship electrical two-wheeler, the Simple One electrical scooter is being readied on the manufacturing unit positioned at Hosur, Tamil Nadu, with deliveries to start quickly.
Also Read: Simple Energy Revels New Details Of Battery Management System
Shreshth Mishra, Co-Founder, Simple Energy mentioned, “Simple Energy is leading the Indian EV industry by vertically integrating the entire value chain, thus bringing better synergy and higher localization. By partnering with C4V, we will consolidate cell supply, which is a vital component for us. This strategy also makes us more self-reliant and reduces our dependency on imports”
Kuldeep Gupta, Vice President- Strategic Partnership, C4V mentioned, “Oil prices are sky-rocketing, and the heat is already being felt in the market. Empowering local manufacturing will not only reduce the burden of import duties but also ensure the timely supply of quality batteries in the EV space boosting the confidence of OEMs in the Electric Mobility Market. C4V is looking forward to this strategic collaboration, thereby supporting the development of the EV industry in India.”
Also Read: Simple One Electric Scooter Range Gets Boost To 300 Km With Additional Battery
Simple Energy’s state-of-the-art manufacturing plant has an annual manufacturing capability of as much as 1 million models that can be operational within the coming weeks. The firm has additionally commissioned a second plant in Dharmapuri, Tamil Nadu, unfold throughout 600 acres with a capability of 12.5 million models yearly. Once the brand new plant comes up, Simple Energy will turn out to be the most important electrical two-wheeler producer on the earth.
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C4V is a lithium-ion battery expertise firm based mostly in Binghamton, New York with experience in lithium-ion battery composition and manufacture. The firm leverages its experience in electrode design and course of improvement to create next-generation storage supplies that may be built-in into present cell manufacturing strains. C4V is at present within the ultimate levels of commissioning its iM3NY Gigafactory positioned in upstate New York, the USA concentrating on manufacturing over the following few months in 2022.
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With inputs from NDTV