Exide Energy Solutions, an arm of Indian lead-acid battery major Exide Industries Ltd, has sought additional 40-acre land in Karnataka for the second-phase 6 GWh lithium-ion cell manufacturing capacity. The company plans a single-site, 12 GWh lithium-ion cell production capacity in Karnataka, out of which the initial 6 GWh cell facility is already under construction in the Devanahalli Industrial Area and will likely commence production by December 2024.
Exide will shell out an estimated INR 6,000 crore to build the complete 12 GWh capacity.
Following approval from the state government, Exide plans to start constructing the second facility in the year 2024.
Gayatri Dadheech, chief technology officer at Exide Industries Ltd, told pv magazine earlier their first-phase 6 GWh lithium-ion cell manufacturing capacity in India will produce lithium ferro phosphate (LFP) and nickel-manganese-cobalt (NMC) cells. The following 6 GWh, targeted by 2027, could be based on advanced lithium-ion, solid-state, or other battery technology.
Exide Energy Solutions has entered into a multi-year technical collaboration agreement with SVOLT Energy Technology, a China-based company specializing in developing and manufacturing lithium-ion batteries and storage solutions for multiple applications.
Exide Energy Solutions has been granted rights to use and commercialize SVOLT’s technology and know-how for lithium-ion cell manufacturing as part of the agreement. Additionally, SVOLT is assisting Exide in setting up an end-to-end production process, including upstream supply chain, manufacturing plant and equipment, quality processes, and so on, on a turnkey basis.
Exide Energy Solutions will manufacture cylindrical, pouch, and prismatic lithium-ion cells for mobility and stationary applications.
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