'Fear Of Losing Market' Making Foreign Rival Attack Indigenous Battery Innovation, Alleges Ola Electric

Reports from South Korea alleged that an unnamed former LG Energy Solution executive attempted to pass on pouch cell technology IPs to Ola Electric.(Source: Ola) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Ola Electric on Sunday alleged that fear of losing market opportunities prompted foreign rival to attack its indigenous battery innovation of '4680 Bharat Cell', refuting reports of stealing technology from South Korea's LG Energy Solution.

Reports from South Korea alleged that an unnamed former LG Energy Solution executive attempted to pass on pouch cell technology IPs to Ola Electric. An LG Energy Solution official was also quoted as confirming that the company had identified the situation early and alerted the country's authorities immediately.

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