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Ola plans $920 mln India investment in electric cars, batteries
  + stars: | 2023-02-18 | by ( ) www.reuters.com   time to read: +1 min
CHENNAI, Feb 18 (Reuters) - SoftBank Group-backed (9984.T) Ola Electric would invest $920 million in the southern Indian state of Tamil Nadu to manufacture electric cars and batteries for electric vehicles (EVs), a state government statement said on Saturday. Ola will invest 76.14 billion rupees ($920 million) through its subsidiaries Ola Electric Technologies and Ola Cell Technologies, drawn to the growing demand for EVs in India. The company's cumulative production numbers topped 100,000 in November, and it plans to annually make 140,000 cars and hire 3,111 workers in Tamil Nadu through the new investment. In September, Ola said it was looking to expand into Latin America, ASEAN and European Union countries after entering India's neighbour Nepal first. ($1 = 82.7500 Indian rupees)Reporting by Praveen Paramasivam in Chennai; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
Rising fuel costs, the possibility of stricter emissions regulations to come, and questions about battery supplies, have all increased the appeal of zero-emission fuel cells. Volvo TrucksVolvo GroupCEO: Martin LundstedtMarket Cap: $32.97 billionHQ: Gothenburg, SwedenVolvo Trucks said in June 2022 it had begun testing hydrogen fuel-cell trucks. In the latter case, Plug Power has provided Amazon with more than 15,000 fuel cells to replace the batteries in its warehouse forklifts since 2016. Plug just signed a new deal to provide the behemoth with the liquid hydrogen necessary to run its fuel-cell vehicles starting in 2025. As part of a deal with Weichai group, Ballard is building fuel cells in China to power fuel-cell vehicles in that market.
Pentru noi aceasta a fost o provocare, însă pentru economia țării - o contribuție enormă la dezvoltare, iar pentru clienți - posibilitatea de a-și alege operatorul. Anul 2014, când a avut loc licitația pentru noua frecvență, a reprezentant o realizare importantă, a fost un nou început. Barkin SecenEste responsabilitatea companiei, și a altora, să facem ceva, iar noi nu vrem medicii noștri să lupte singuri. Moldcell a fost prima investiție în această industrie, de aceea echipa Moldcell este implicată în extinderea CG Group în Europa de Est. Sunt în Moldova din 2009, iar când te uiți împrejur, putem vedea dezvoltarea rapidă a societății moldovenești și a infrastructurii țării.
Persons: Barkin, Dle, Moldcell, noștri, Condrațchi Organizations: FIA, Cell Technologies, Moldcell, CG Group, Media, CG Group, Comrat, Ceadîr-Lunga, Azerbaidjan Locations: Moldcell, Moldova, Team, roaming, roamingul, Europei de Est, Europa de Est, Germania, Străini, Europa, Suedia, Chișinăului, Soroca, Comrat, Ceadîr - Lunga, Nepal, Azerbaidjan, Kazahstan, AGORA, Republica Moldova
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