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Automobiles

Mahindra ties up with LG Chem for lithium-ion battery cells for India

Indian automaker steps up efforts to beef up electric vehicle business

Mahindra showcased a wide range of EVs (Photo by Hiroshi Kotani)

MUMBAI (NewsRise) -- Mahindra & Mahindra tied up with South Korean electric car battery specialist LG Chem to supply unique lithium-ion battery cells exclusively for India as the auto maker seeks to expand its electric vehicle business.

As part of the deal, LG Chem will supply lithium-ion cells based on chemical elements of nickel, manganese, and cobalt that will be deployed in the electric vehicles manufactured by Mahindra and its South Korean unit SsangYong Motor, the Indian company said a stock exchange filing on Monday.

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