Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Auto
1-min read

Napino Partners with Farasis Energy to Provide Localized Battery Packs for Electric Vehicles in India

The partnership between Napino and Farasis Energy aims to provide lithium-ion battery packs for 2W and 3W for the Indian market.

News18.com

Updated:July 23, 2019, 2:47 PM IST
facebookTwitterskypewhatsapp
Napino Partners with Farasis Energy to Provide Localized Battery Packs for Electric Vehicles in India
Image for representation only. (Image: Reuters)
Loading...

Napino Auto & Electronics Ltd has signed a Memorandum of Understanding (MoU) with Farasis Energy USA, Inc. to provide lithium-ion battery packs for 2W and 3W for the Indian market. Farasis is one of the market leaders in providing high energy density lithium-ion battery cells and packs to automotive OEMs globally and has an end to end capability and expertise from cells to applications.

Under this MoU, Napino and Farasis shall jointly develop the business in India. Napino will bring its rich automotive experience in mass production and strong supply chain to provide an optimal solution for the Indian market.

Commenting on the alliance, 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. It is our aim to be a leading provider of safe, reliable and high energy battery packs for the Indian market and we are very optimistic about the success of our collaboration with Farasis Energy which will support us to localize cutting edge Lithium-ion battery pack technology for our customers.”

Thanh Nguyen, Vice President of Sales and Marketing said, “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.”

Farasis Energy is striving for strong growth and sustained profitability by supporting its customers in product design optimisation to achieve optimal energy density and performance with the lithium-ion technology, accompanied by maximum safety.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: Anirudh SK
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results