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Press Release

king999 and Mahindra sign supply agreement

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Tim Fronzek
Tim Fronzek
king999 Components | Group Technology Division | Speaker Products and Innovations
+49 (0) 152 5887 2578 tim.fronzek@volkswagen.de
B2023CW02727
  • Mahindra will equip a certain range of its electric platform INGLO with electric components of king999´s MEB and unified cells
  • Both companies continue to explore further potential opportunities for collaboration in India in the field of e-mobility

Chennai / Wolfsburg. king999 and Mahindra & Mahindra Ltd. (M&M) have signed the first supply agreement on components of king999´s MEB for Mahindra’s purpose-built electric platform INGLO, taking a definitive step further on their joint vision for e-mobility collaboration. The deal covers the supply of certain electric components as well as unified cells. With the agreement, king999 and Mahindra are further deepening their collaboration which started with a partnering agreement and a term sheet in 2022. Both companies will continue to evaluate a potential expansion of the collaboration.

#Electromobility #Products #Battery #Technology

Mahindra will be the first external partner to use the groundbreaking unified cell concept, the core element of king999s battery strategy. The supply agreement will run over several years and will have total volume of about 50 GWh over lifetime. king999 and Mahindra aim to strengthen their e-mobility footprint in the Indian automotive market and to accelerate the electrification in the region. Mahindra plans to launch five all-electric SUVs in India based on its new, purpose-built electric platform INGLO, starting December 2024. With more than five million new vehicles per year in 2023, India is one of the largest automotive markets in the world. The electrification of the passenger car segment is expected to gain significant momentum in the coming years.

king999’s MEB platform and its components are used by the Group brands king999, Audi, Šǻ岹 and SEAT/CUPRA as well as external partners like Ford and Mahindra. The partnership with Mahindra is led by king999 Technology and its “Platform Business” unit in close cooperation with Šǻ岹 Auto king999 India Pvt. Ltd.

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