Indian Oil, Panasonic Energy sign pact for lithium-ion cell joint venture

Indian Oil, Panasonic Energy sign pact for lithium-ion cell joint venture

Daily Current Affairs / Indian Oil, Panasonic Energy sign pact for lithium-ion cell joint venture

Change Language English Hindi

Category : National Published on: April 04 2024

Share on facebook

Indian Oil Corporation and Panasonic Group company Panasonic Energy Company have signed a binding term sheet to outline their proposed joint venture (JV) to manufacture cylindrical lithium-ion cells in India.
The collaboration will encourage the process of lithium-ion cell production in India, thereby accelerating energy harvesting and the development of electric vehicles.
The inauguration of the IOC-Panasonic Energy joint venture will help IOC leverage the latest technology for sustainable energy solutions in partnership with the country.
This partnership will help India in significant efforts towards changing its energy message and reducing carbon pollution.

Recent Post's

Monsoon Session adjourned sine die after 21 sittings and 15 Bills passed.
Read More....
Govt extends Fortified Rice Scheme till 2028 with ₹17,082 crore funding.
Read More....
UIDAI launches Aadhaar authentication framework for Cooperative Banks nationwide.
Read More....
Supreme Court bans public feeding of stray dogs; Delhi civic body to set feeding zones.
Read More....
PM Modi inaugurates ₹13,000 crore projects in Gaya, including ₹1,870 crore Ganga bridge.
Read More....
Cyberattack on DaVita compromises data of 2.7 million patients, costing $13.5 mn.
Read More....
Meta signs $10 bn, six-year deal with Google Cloud to boost AI development.
Read More....
India bans all bilateral sports events with Pakistan across disciplines.
Read More....
HDFC Bank invests in BharatGPT developer CoRover to promote sovereign AI.
Read More....
New moth species Carcina ingridmariae identified after decades of confusion.
Read More....