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Exide moves ahead with SVOLT-backed gigafactory plan","indias-exide-moves-ahead-with-svolt-backed-gigafactory-plan","article/indias-exide-moves-ahead-with-svolt-backed-gigafactory-plan",{"_uid":557,"date":558,"tags":559,"editor":563,"content":573,"excerpt":633,"featured":51,"reporter":634,"_editable":638,"component":639,"seo_title":553,"categories":640,"visibility":647,"author_company":49,"featured_image":648,"seo_description":633,"author_full_name":49,"author_job_title":49,"formattedDate":653,"formattedArticleDate":654},"c67035bc-2197-49db-ac1d-7c2f39d0d78b","2022-05-27 00:00",[560],{"slug":561,"name":562},"india","India",[564],{"slug":565,"name":566,"content":567},"matthew-bird","Matthew Bird",{"job_title":568,"image":569,"bio":571,"linkedin":572},"Senior Editor - Supply Chains & Data Visualisation",{"filename":570},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":574,"content":575},"doc",[576,583,588,593,598,603,608,613,618,623,628],{"type":577,"attrs":578,"content":579},"paragraph",{"textAlign":49},[580],{"text":581,"type":582},"India’s Exide Industries is in “advanced stages” of securing land for its first lithium ion gigafactory in the country, and said production at the plant will start within the next three years.","text",{"type":577,"attrs":584,"content":585},{"textAlign":49},[586],{"text":587,"type":582},"The battery manufacturer said this week the plant in the state of Karnataka will have initial production of six gigawatt-hours, and will be built with China’s SVOLT. That will increase to 12 GWh this decade with a total of $770 million of investment.",{"type":577,"attrs":589,"content":590},{"textAlign":49},[591],{"text":592,"type":582},"“Spread out across two popular cell chemistries and three cell formats, this unit shall be uniquely placed to cater to the diverse requirements of customers in India,” Exide’s chief executive Subir Chakraborty said earlier this month.",{"type":577,"attrs":594,"content":595},{"textAlign":49},[596],{"text":597,"type":582},"India is looking to spur development of battery technology as it looks to support the country’s climate and clean energy goals. Narendra Modi’s government is targeting 50 GWh of lithium ion battery production in the country, which it has pledged to back with $2.5 billion in subsidies.",{"type":577,"attrs":599,"content":600},{"textAlign":49},[601],{"text":602,"type":582},"Exide said India’s annual lithium ion battery demand will rise to around 28 GWh by 2025 and 90 GWh by 2030, split mostly between two-wheelers and four-wheelers.",{"type":577,"attrs":604,"content":605},{"textAlign":49},[606],{"text":607,"type":582},"The company is continuing with its battery plant despite not winning a bid to be part of the government’s “production-linked” incentive scheme for batteries this year.",{"type":577,"attrs":609,"content":610},{"textAlign":49},[611],{"text":612,"type":582},"The companies selected in March include the conglomerate Reliance, Ola Electric, Hyundai and Rajesh Exports. Subsidies will be spent over a period of five years and the companies have to commit to a minimum capacity of 5GWh.",{"type":577,"attrs":614,"content":615},{"textAlign":49},[616],{"text":617,"type":582},"Sales of electric vehicles doubled last year in India, according to the International Energy Agency, but still account for less than 0.5% of sales. Tata’s Nexon SUV, which uses a 40.5 kWh battery from China’s Gotion, was the best-selling vehicle.",{"type":577,"attrs":619,"content":620},{"textAlign":49},[621],{"text":622,"type":582},"India’s government wants electric cars to make up 30% of private car sales by 2030.",{"type":577,"attrs":624,"content":625},{"textAlign":49},[626],{"text":627,"type":582},"Exide already produces lead-acid batteries but is expanding into lithium ion via a new subsidiary that will build the plant as well as a joint venture with Swiss-based Leclanché SA in which it holds a 85% stake.",{"type":577,"attrs":629,"content":630},{"textAlign":49},[631],{"text":632,"type":582},"The company has a “multi-year technical collaboration agreement” with SVOLT, a spin off from Great Wall Motors, and the Chinese company will support setting up the battery plant “on a turnkey basis,” Exide said.","India’s Exide Industries is in “advanced stages” of securing land for its first lithium ion gigafactory in the country, and said production at the plant will start within the next three years. The battery manufacturer said this week the plant in the state of Karnataka will have initial production of six gigawatt-hours, and will be […]",[635],{"slug":565,"name":566,"content":636},{"job_title":568,"image":637,"bio":571,"linkedin":572},{"filename":570},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"c67035bc-2197-49db-ac1d-7c2f39d0d78b\", \"id\": \"\"}-->","article",[641,644],{"slug":642,"name":643},"batteries","Batteries",{"slug":645,"name":646},"gigafactories","Battery & Gigafactory","private",{"id":49,"alt":649,"name":649,"focus":649,"title":649,"source":649,"filename":650,"copyright":649,"fieldtype":651,"meta_data":652,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/94c6ce4319/bm-india-ev.jpg","asset",{"alt":649,"title":649,"source":649,"copyright":649},"May 27, 2022","27th May 2022",[],[],1792773927080]