Announced Tue, 7 Apr · 15:22 IST
Ola Electric Announces Readiness of Indigenous 46100 LFP Battery Cell
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OLAELEC · price
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Price reaction · full curve 14 horizons · vs prior close
+6.2%1-day move
₹28.73
prior close
₹28.78
base price
In-mkt
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AI summary
Ola Electric announced its in-house 46100 LFP (Lithium Iron Phosphate) battery cell is ready, a key milestone. The new cell is larger than the current 4680 NMC Bharat Cell and will enter products starting next quarter. The Gigafactory, currently at 2.5 GWh, is being scaled up to 6 GWh. Thousands of vehicles with 4680 Bharat Cells are already on Indian roads. LFP chemistry is expected to lower costs, boost EV adoption, and enable energy storage. Subject to regulatory approvals.
Likely market impact
Positive on vertical integration and cost reduction path. Commercialization from next quarter, pending regulatory approvals.