Latest News
- Top 10 Used Bikes to Kickstart Your Riding Journey
- Suzuki Swift Hatchback Scores 4 Star Safety Rating At JNCAP – ADAS, New Engine & More
- Porsche Introduces Macan EV In India, Expanding Electric Portfolio
- Tata Motors To Manufacture Jaguar Land Rover Cars In Billion Dollar TN Plant - Report
- Ford Territory SUV Name Trademarked – Likely To Be Positioned Below The Everest SUV
- Jawa Yezdi Expands Mega Service Camps To 32 New Cities, Focusing On Tier-II And Tier-III Regions
- Sany India Introduces SKT105E: An Electric Dump Truck
- Force Gurkha 5-Door SUV – New Features, Dual Tone Interiors & More
- Hyundai Verna Tops Sales Chart In India's Mid-Size Sedan Segment
- India's Elections Trigger Airfare Surge in Tamil Nadu
Napino Signs MOU With Farasis Energy Inc. — Will Manufacture Battery Packs For EVs In India
Gurgaon-based Napino Auto & Electronics Ltd has signed a memorandum of understanding (MoU) with US-based Farasis Energy Inc. to manufacture 2W and 3W lithium-ion battery packs in India.
Farasis Energy Inc. is one of the market leaders in providing high energy density lithium-ion battery cells. Under this MoU, Napino and Farasis shall jointly develop the business in India. Napino will bring the automotive experience in mass production for the Indian market.
Naveen Kumar, CEO, Napino Auto & Electronics Ltd. said, "Our partnership with Farasis Energy comes in at the right time with the governments push to promote faster adoption of EVs. The manufacturing of battery packs is an integral part of our e-mobility strategy."
Thanh Nguyen, Vice President of Sales and Marketing stated, "We are very excited about the partnership with Napino for providing battery packs for electric vehicles. Given the huge potential offered by the Indian market, we foresee that India will become one of the largest e-mobility markets in the world. This strategic collaboration will enable us to access this fast-growing market."
Thoughts On The Inhouse EV Battery Packs Production
lithium-ion battery packs are really expensive but at the same time, they are light and have a good charge range. These batteries are used to run EV vehicles as they are light. Importing these batteries is expensive and that is why the EV vehicles cost a lot. Manufacturing them on our soils will reduce the cost of production and make the EVs cheaper.