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India plans to build another lithium-ion battery facility after JV sign pact with Gujarat government

Wed, 10/16/2019 - 14:23 -- Paul Crompton

Plans to build a lithium-ion battery manufacturing plant in India moved forward this week with a memorandum of understanding to invest INR49 billion ($690 million) signed between a Japanese joint venture and the state government of Gujarat.

Automotive Electronics Power Private Ltd. (AEPPL)— jointly owned by Japanese firms Suzuki Motor (50%), Toshiba (40%) and Denso (10%)— plan to build a lithium-ion battery production facility in Hansalpur, in the state’s Ahmedabad district.

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