C4V, the USA-based Li-ion battery technology company, has signed a memorandum of understanding (MOU) with Hindalco Industries, for the development and supply of battery-grade aluminum foils, coated foils and structural components for Li-ion cells, to serve the fast-growing market for EV battery materials.
As per the MoU, Hindalco will provide up to 2,000 tons of battery foil to C4V, over a five-year period.
“The agreement also outlines a strategic roadmap encompassing collaboration on materials and joint technology development, aligning with the evolving demands of the Indian EV market. This multifaceted approach promotes local manufacturing and expertise, and is expected to strengthen India’s self-reliance in EV battery technology,” stated a release from the company.
Hindalco recently announced the setting up of a 25,000-tonne battery foil manufacturing facility in Odisha.
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