Reliance Industries Ltd and BP of the United Kingdom announced that they had formed an agreement with the Mahindra Group to study EV and low-carbon solutions for electric 3-wheelers, including battery swapping technology alternatives.
The non-binding MoU signed by Reliance BP Mobility Limited (RBML) and Mahindra Group will search for synergies in low-carbon and conventional fuels, in addition to investigating the production of EV products and services, the firm said in a statement.
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