Overview
- Ola Electric issued a formal statement calling the media reports linking it to a technology leak misleading and completely baseless.
- South Korean coverage alleged a former LG Energy Solution executive tried to pass pouch‑cell IP to Ola, and an LG official was quoted saying the company alerted authorities.
- Ola said the reported pouch technology is dated and not a focus, asserting its 4680 Bharat Cell uses in‑house dry‑electrode cylindrical technology now in commercial production.
- The company characterized the reports as an orchestrated attack by a foreign rival fearful of losing market opportunities, questioning the timing of the leak.
- Separately, Moody’s downgraded parent ANI Technologies to Caa1 with a negative outlook, citing operating weakness and liquidity pressure.