Batteries

In May, Ola Electric acquired Amsterdam-based electric two-wheeler OEM Etergo BV to make an entry into this market.

Another focus will be the commercialization of Dyson’s proprietary solid-state battery technology, a potential replacement for lithium-ion batteries.

From mines to batteries and cars, country to shoot for ASEAN hub status.

The startup has supplied more than 8,000 vehicles to web-based platforms and logistics companies.

Instead of paying for the battery, EV buyers disburse a monthly subscription fee of RMB 980 (USD 141) to lease a 70 kWh battery package.

With policy support, the move could be a winning play for Nio.