Currently, the company is in the advanced stages of design and benefiting from the sharing of some technology deployed in its two-wheeler products, Kumar said in an interview in Bengaluru on Wednesday, the report said.
“Software, safety systems, electronics, cells, the drive train — a lot of it is common,” Kumar said was quoted as saying by Bloomberg.
Kumar said Ola is also on track to deliver eventual 100-gigawatt hours of battery-cell manufacturing capacity by setting up local plants, according to the report.
“We should get to about 10 gigawatt-hours in 18 to 24 months and to 20-gigawatt hours in 36 months,” he was further quoted as saying by Bloomberg.
Last year, Ola’s founder Bhavish Aggarwal said the company aims to price its four-wheeler less than $50,000 by manufacturing components and lithium-ion batteries in-house.
With the progress in battery manufacturing, Ola is also likely to sell lithium-ion batteries to other parties for use in vehicles, grid balancing, or energy storage, according to Kumar, said the report.