The largest electric two-wheeler (E2W) brand in India, Ola Electric, is reportedly looking for land to build a factory for electric four-wheelers (E4W) and EV battery cells, which may be larger than its existing FutureFactory which has helped to widen the production capacity gap between Ola Electric and its competitors.

Since the beginning of 2022, we’ve seen weakening end market demand. The global notebok market increased from 158 million units in 2019 to 246 million units in 2021, and it’s natural that the market may not continue to expand in 2022. According to DIGITIMES Research’s latest report, global smartphone shipments in the first quarter of 2022 reached 319 million units, down 7.2% annually, and the annual growth rate for the whole of 2022 is likely to be only 3.1%.

After selling its plant in China, Catcher Technology’s operation is having higher flexibility and resilience against changes of the world compared to its competitors, according to company chairman Allen Hung. Catcher reportedly made iPhone chassis at the plant.