Exide Industries is planning to start assembling lithium-ion batteries from imported cells of China in December 2019. The company will make batteries for several applications including electric vehicles depending on demand.
The company had formed a joint venture (JV) with Switzerland-based Leclanch SA, one of the world's leading energy storage solution companies, in June last year. The JV was formed between Exide and Leclanch in a 75:25 ratio. The JV plant in Gujarat is the first such an indigenous facility in the country for manufacturing of lithium-ion batteries and provide energy storage solution for the electric vehicles. Lithuim-ion batteries are at least four times more expensive than that of lead-acid.
Exide Industries manufactures the widest range of storage batteries in the world from 2.5 Ah to 20,400 Ah capacities, covering the broadest spectrum of applications. It is India’s largest producer of automotive and industrial batteries, with seven manufacturing plants strategically located across the country.
