Ola Electric Extends Rally, Jumps 20% To Hit Upper Circuit

by · Inc42

SUMMARY

  • Shares of EV maker Ola Electric continued their upward movement, surging nearly 20% to hit the upper circuit today
  • The rally came after the company said on Tuesday (April 7) that its in-house developed 46100 Lithium Iron Phosphate (LFP) cell is ready
  • Ola Electric is currently ramping up its Gigafactory’s capacity to 6 GWh from 2.5 GWh, while vehicles integrated with 4680 Bharat Cells are already on the road