Ashok Leyland signs pact with Israeli firm for electric vehicle

Ashok Leyland signed a Letter of Intent (LoI) with Phinergy of Israel on Wednesday for a partnership to work towards the adaptation of unique, competitive, and sustainable solutions for high-energy applications in the commercial vehicles space.

Phinergy of Israel has developed solutions for the use of Aluminium Air Batteries for Electric Vehicles and other applications. “As the EV market evolves in India, Ashok Leyland, remains committed to developing differentiated solutions for our customers to help them stay competitive. We see good potential for Phinergy’s technology in India. This will add further to our various portfolios for Commercial Vehicle EVs where we are committed to offering our customers competitive solutions with various options that use cutting edge technology”, said Karthick Athmanathan, Head – EV and eMobility Solutions, Ashok Leyland to The Hindu.

“Over the next few months, we will develop the first few prototypes and trial pilots on different platforms in order to better tune Phinergy’s offering for various CV applications. Our approach to EV Commercial Vehicles will continue to be such that we move people and goods rather than batteries, with optimal use of battery capacities”, added S.A. Sundaresan, Head of eMobility Tech, Ashok Leyland.

“We believe that our high technology solution will help the Indian customer to keep costs low while addressing range anxiety and reliability”, said Aviv Tzidon, CEO of Phinergy.