Mahindra partners with LG Chem to develop Lithium-ion battery

Mahindra & Mahindra has partnered with Korean battery manufacturer LG Chem to develop cells for Indian applications. The company will also supply nickel-manganese-cobalt (NMC) based lithium-ion batteries that have a higher energy density than standard lithium-ion cells.

LG Chem will also design lithium-ion battery modules for Mahindra Electric, which will be used to create battery packs that will power future Mahindra products. Moreover, the NMC based cells will be used in electric cars manufactured under Mahindra and Ssangyong brands.

With this partnership, Mahindra will be able to leverage the advanced battery technologies developed by LG Chem. Mahindra is also preparing to expand its operations in order to meet future demand and is setting up a battery module plant in India. The new facility will have an annual capacity of 5,00,000 units and is expected to come online in the last quarter of 2019-20.