EMotorad acquires Panine to improve battery technology – ETAuto.com

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With this acquisition, EMotorad will allow Panine to offer an international platform and reach for its battery technology. It will also strengthen the charging network provider and allow it to expand its reach while improving EMotorad’s own battery technology capabilities, the company said.
A leading cell-to-pack or cell-to-chassis design that can bridge the gap between energy density and power density in a very safe mechanism would allow the company to cater to various market verticals with a single cell technology platform, he added.
The new plant and close ties with Northvolt will strengthen its electrification strategy as the company aims to produce and sell only fully electric cars by 2030, Volvo Cars said.
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The US automaker’s Indian subsidiary Ford India said it is exploring the possibility of using a plant in India as an EV manufacturing base for exports. The carmaker’s application under the Production-Linked Incentive (PLI) scheme for the auto sector received approval on Friday, along with other major OEMs. Following this, the carmaker said it is considering producing electric vehicles (EVs) in India for exports, without denying completely the possibility of catering to the local market also.
The company has three assembly lines each operational at its facilities in Gurugram and Manesar, with combined production capacity of around 1.5 million units.
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