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EV stock under ₹40 in focus after signs MoU with New York based company for battery technology development

EV stock collaborates with a New York-based battery firm to develop advanced Lithium Iron Phosphate batteries, boosting performance, localizing production, and supporting India's green mobility and sustainable energy goals.
EV stock partners with a New York firm to develop Lithium Iron Phosphate batteries, boosting performance.
EV stock partners with a New York firm to develop Lithium Iron Phosphate batteries, boosting performance.

Introduction:

EV stock has partnered with a New York-based battery technology firm to develop advanced Lithium Iron Phosphate batteries, enhancing performance, localizing production, and aligning with India’s vision for green mobility and sustainable energy solutions in the electric vehicle ecosystem.

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Share Price movement of Wardwizard Innovations & Mobility:

On January 6, 2025, Wardwizard Innovations & Mobility Ltd. opened at ₹38.75, down 2.16% from its previous close of ₹38.87. The stock hit a high of ₹39.37 and a low of ₹37.40. By 01:00 PM, it traded at ₹38.02, with a market cap of ₹991.16 crore.

Wardwizard Innovations & Mobility signs MoU:

Wardwizard Innovations & Mobility Limited has signed an MoU with New York-based battery technology firm C4V to advance battery technology for its electric vehicle portfolio, including high-speed scooters and three-wheelers. This partnership aligns with India’s vision for green mobility and sustainable energy solutions.

The collaboration aims to develop advanced Lithium Iron Phosphate (LFP) batteries, optimized for India’s climate, leveraging C4V’s expertise in battery cell design and high-charging cycle architecture. Together, the companies will define product specifications, create prototypes, and rigorously test the batteries for enhanced performance and reliability.

This partnership reinforces the ‘Make in India’ initiative by localizing battery production while strengthening global supply chains. Leaders from both companies emphasized the importance of this collaboration in revolutionizing the EV ecosystem and contributing to the transition towards sustainable energy and green mobility worldwide.

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Recent news About Wardwizard Innovations & Mobility:

On December 13, 2024, Wardwizard Innovations & Mobility expanded its portfolio, unveiling ‘Made in India’ electric three-wheelers and the high-speed electric two-wheeler ‘Nemo’ at ₹99,000 (ex-showroom), enhancing its Joy e-rik and Joy e-bike verticals.

Stock performance of Wardwizard Innovations & Mobility for Period of 1 week, 6 months and 1 year:

Wardwizard Innovations & Mobility’s stock performance over the periods reflects mixed trends. Over the past week, the stock rose by 6.58%, while it declined significantly over six months (-32.8%) and one year (-31.9%), highlighting recent recovery amidst longer-term challenges.

Also Read: Tata group stock jumps after it reports 24% growth in business for Q3

Shareholding pattern of Wardwizard Innovations & Mobility:

SummarySep-24Jun-24Mar-24
Promoter 54.50%58.60%67.50%
FII0%0.00%0.00%
DII 0.00%0.00%0.10%
Public45.50%41.40%32.40%
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About Wardwizard Innovations & Mobility:

Wardwizard Innovations & Mobility is a pioneering electric vehicle manufacturer known for its ‘Joy e-bike’ and ‘Joy e-rik’ brands. Focused on sustainable mobility, the company emphasizes innovative designs, advanced battery technology, and localization to support India’s transition to green energy solutions.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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