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Ashok Leyland signs LoI with Phinergy, Israel

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Capital Market
Last Updated : Jan 17 2018 | 11:50 AM IST

For high energy EV commercial vehicles solutions

Ashok Leyland has secured long term arrangements for its EV commercial vehicles by signing a Letter of Intent with Phinergy of Israel. The company and Phinergy will work towards adaptation of unique, competitive and sustainable solutions for high energy applications in the commercial vehicle space.

Phinergy has developed cutting edge technology solutions for the use of Aluminium Air Batteries for EV and other applications. With Ashok Leyland, Phinergy will be tailoring its unique technology to meet the demanding high energy requirements of commercial vehicles in the Indian market.

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First Published: Jan 17 2018 | 11:15 AM IST

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