Ola Electric shares slide 3% even as company rebuts ‘misleading’ report on battery tech

Ola Electric's stock took a hit on Monday amidst swirling rumors. The company swiftly dismissed a report from South Korean media alleging improper acquisition of foreign battery technology. Ola firmly stated it has no desire for obsolete technology and highlighted that its cutting-edge battery production is already underway, with recent certification attained for its battery packs.