Mahindra & Mahindra (M&M) and LG Chem, Korea’s leading manufacturer of advanced batteries have entered into collaboration in the field of advanced Li-ion battery technology.
Under the aegis of this collaboration, LG Chem will develop a unique cell exclusively for India application and will also supply Li-ion cells based on NMC (nickel-manganese-cobalt) chemistry with high energy density. These cells will be deployed in the Mahindra and SsangYong range of Electric Vehicles. LG Chem will also design the Li-ion battery modules for Mahindra Electric, which in turn will create battery packs for the Mahindra Group and other customers.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.
Company Name | CMP |
---|---|
Maruti Suzuki | 12786.05 |
Mahindra & Mahindra | 2519.00 |
Mercury Metals | 70.52 |
Hindustan Motors | 34.51 |
Suzuki (India) | |
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