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Indian Oil ropes in Panasonic for manufacturing cylindrical lithium-ion cells in India – ET Auto

Baua Electric

New Delhi: Indian Oil Corporation Limited and Japan’s Panasonic Energy Co. a Panasonic Group company, have signed a binding term sheet to form a JV for manufacturing cylindrical lithium-ion cells in India for two-and three-wheel vehicles and energy storage systems, the public sector oil giant announced on Sunday.

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Indian Oil and Panasonic Energy to manufacture lithium-ion cells in India | Autocar Professional

Baua Electric

Indian Oil aims to address environmental challenges, such as reducing CO2 emissions, through its partnership with Panasonic Energy. In recent years, Indian Oil has actively engaged in the development of clean energy sources, including the utilization of solar power, biofuels and hydrogen.