New Launch1 Sept 2025, 08:11 pm
Ashok Leyland Ltd Enters Long-term Exclusive Partnership with CALB HK for Battery Development and Manufacturing
AI Summary
Ashok Leyland Ltd has decided to invest in the development and manufacturing of batteries for both automotive and non-automotive applications, including energy storage systems. The company has entered into a long-term exclusive partnership with CALB (HK) Co. Ltd., a global leader in new energy technology. This strategic partnership aims to cater to electric vehicle requirements, both captive and non-captive.
Key Highlights
- Ashok Leyland Ltd to invest in battery development and manufacturing
- Long-term exclusive partnership with CALB (HK) Co. Ltd.
- Partnership aims to cater to electric vehicle requirements
- CALB HK is a global leader in new energy technology
- Investment aims to strengthen the company's position in the electric vehicle market