{"id":550702,"date":"2023-01-30T09:46:34","date_gmt":"2023-01-30T04:16:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=550702"},"modified":"2023-01-30T10:21:11","modified_gmt":"2023-01-30T04:51:11","slug":"omega-seiki-to-invest-981-mn-in-ev-components-manufacturing-units-in-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/omega-seiki-to-invest-981-mn-in-ev-components-manufacturing-units-in-india\/","title":{"rendered":"Omega Seiki to invest $981 mn in EV components manufacturing units in India"},"content":{"rendered":"<p>Omega Seiki Mobility Pvt will invest 8 billion rupees ($981 million) to build two facilities in India to manufacture electric vehicle components such as batteries and power trains.<\/p>\n<p>The New Delhi-based company has tied up with startup iM3NY, which manufactures lithium-ion cells in New York, to produce batteries in the South Asian nation, it said in a statement Sunday. Omega, founded in 2018, has also entered a join venture with Jae Sung Tech Korea to make electric vehicle power trains locally, it said.<\/p>\n<p>The demand for lithium-ion batteries in India will increase from 3 gigawatt-hour currently to 20 gigawatt-hour by 2030, consultancy Arthur D Little estimates, making it crucial to ramp up local cell manufacturing capacity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Omega Seiki Mobility Pvt will invest 8 billion rupees ($981 million) to build two facilities in India to manufacture electric vehicle components such as batteries and power trains. The New Delhi-based company has tied up with startup iM3NY, which manufactures lithium-ion cells in New York, to produce batteries in the South Asian nation, it said in a statement Sunday. Omega, founded in 2018, has also entered a join venture with Jae Sung Tech Korea to make electric vehicle power trains locally, it said. The demand for lithium-ion batteries in India will increase from 3 gigawatt-hour currently to 20 gigawatt-hour by [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-550702","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=550702"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550702\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}