KSL Cleantech Limited announced its partnership with China’s EV major Huaihai Holding Group. The Joint venture comprises of product design, development, manufacturing, marketing, sales, finance, after-sales service and supply of components for electric vehicles in India. Under the new partnership, Huaihai KSL will invest up to Rs 200 crore in the future to set up manufacturing and assembly facilities in India. Moreover, the investment will cover sales, distribution network, vendor development, channel sales development, marketing and brand building across the country. The production of electric vehicles will begin in the year 2020 and will be ramped up in phases. KSL Cleantech already has an existing assembly facility for these vehicles in Kolkata with the capacity of 10,000 units/year. At the event, the two companies showcased three-passenger electric two-wheelers, a cargo electric two-wheeler, two electric three-wheelers for logistics and an electric passenger three-wheeler.