KTM, Yamaha, And Honda Ink Pact With Piaggio For Swappable Batteries
Major two-wheeler manufacturers KTM, Yamaha Motor Company, and Honda Motor Company have signed a pact with Piaggio Group for the swappable batteries. The firms would be setting up a consortium for the same. The present agreement is for light electric vehicles with the operation of the consortium expected to start operating from May 2021.Â
Piaggio has also signed up an agreement with Sun Mobility wherein the latter provides batteries and charging stations for the Ape range of the e-vehicles. The concept of a swappable battery is expected to help achieve economies of scale faster and also urge users to go in for e-vehicles.