Reliance is going to make a car for the first time!!!
The reliance Group, owned by Anil Ambani, is getting ready to make a huge impression in the auto industry. Anil Ambani's group firm, reliance Infrastructure, has developed a strategy to produce electric vehicles and batteries. reliance Infra has teamed up with a former BYD official for this. BYD is a well-known electric vehicle manufacturer in China.
Ability to produce 2.5 lakh EVs annually
According to business Standard, which cited sources for its article, reliance Infrastructure is giving the EV idea considerable thought. Their investigation into the expense of the EV plant has begun. This plant would be able to produce 2.5 lakh cars annually. In the upcoming years, it could rise to 7.50 lakh automobiles. In addition to this, the business plans to establish a 10-gigawatt-hour (GWh) battery plant. Later on, it will be raised to 75 gigawatt hours. reliance Infrastructure has not yet commented on this proposal. However, the company's shares have increased by almost 2 percent since the publication of this study.
Moreover, Sanjay Gopalakrishnan
Sanjay Gopalakrishnan, a former BYD employee, has recently joined Anil Ambani's company reliance Infrastructure for this project. He serves as a consultant on this project. Anil Ambani, the younger brother of mukesh Ambani, split up his company in 2005. Following that, the Anil Ambani-led company was unable to do anything noteworthy, but reliance Industries, managed by mukesh Ambani, has dominated a number of industries, including retail, telecom, oil, and gas.
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