[TusharK]

The Tata Group plans to invest US$ 1.58 billion in a new lithium-ion battery manufacturing plant in India. Tata's Agratas Energy Storage Solutions has signed a memorandum of understanding (MoU) with the state government of Gujarat to set up the new factory in Sanand.



According to the company, work on the new plant is expected to commence in less than 3 years. It will have an initial production capacity of 20 GWh, which could be doubled in the second phase.

The upcoming battery manufacturing unit will be crucial for the country as it looks to create its own electric vehicle supply chain and reduce dependence on imports. That being said, the EV market in India is still in its nascent stages. Even though Tata Motors has the highest EV sales in the country, EVs account for just 1% of its total car sales.

Source: ET Auto

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[volkman10]

Envision AESC likely to be global battery supplier for Tata Group.

The Tata Group is in the final stages of announcing its battery cell partnership with Envision AESC, one of the world’s top battery technology companies, as it secures critical expertise to prepare itself for a net-zero future.

To this effect, already the group has committed over 1.3 billion dollars in India for the cell manufacturing in India, which is likely to come up in Gujarat to cater to the needs of Tata Motors’ 10-product EV portfolio, which will be manufactured out of Sanand, Gujarat.

Though Envision is headquartered in Japan, the company has its roots in China with its promoter, founder and executive chairman Lei Zhang being a Chinese national. The Envision AESC Group operates battery production plants in Kanagawa and Ibaraki, Japan; Kentucky, South Carolina and Tennessee in the United States; Douai, France; Extremadura, Spain; Sunderland, UK (for Nissan); and four production bases in Jiangyin, Ordos, Shiyan, and Cangzhou, China along with an R&D centre in Shanghai.


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