Exide to build gigawatt-scale li-ion battery plant in Bengaluru, Auto News, ET Auto


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New Delhi: India’s largest automotive battery maker Exide Industries is all set to establish a lithium-ion battery cell manufacturing facility in Bengaluru. In a communication to the exchange, the company said its subsidiary has executed a sales agreement to set up an 80-acre plant.

“The company has executed the lease cum sale agreement for procuring land parcel admeasuring 80 acres at Hitech, Defence & Aerospace Park, Phase-2, Bengaluru with Karnataka Industrial Areas Development Board (KIADB),” Exide Industries said in a regulatory filing.

The company further said that the land will be used to set up a state-of-the-art green field multi-gigawatt li-ion battery cell manufacturing facility for the new-age electric mobility and stationary application businesses in India.

Back in December last year, Exide Industries signed a multi-year technical collaboration with a Chinese company SVOLT Energy Technology to set up an INR 6000-crore li-ion battery manufacturing plant in India.

“With SVOLT‘s strong technical expertise, R&D capabilities and rich experience in manufacturing lithium-ion batteries, Exide plans to set-up multi-gigawatt li-ion batteries. This strategic partnership is in line with Exide’s commitment to provide best-in class batteries and energy storage solutions for automotive and industrial applications,” Subir Chakraborty, MD & CEO, Exide, had said earlier.

In May, the company management said that the construction of the multi-gigawatt-scale greenfield Li-ion cell facility will be done in two-phases with phase one capex planned at INR 2,500 crore. Targeted to start over the next 3-4 years, the plant would have an initial annual production capacity of six gigawatt hours (GWh) with a goal to increase to 12 GWh in 8-10 years, the company’s senior executives said.

A new report by NITI Aayog on ‘The advanced chemistry cell battery reuse and recycling market in India’ estimates that the country’s overall lithium battery storage requirement to be around 600 GWh during 2021-30. The recycling volume coming from the deployment of these batteries during this period would be 125 GWh.