Indian lead-acid battery major Exide Industries Ltd is coming up with 12 GWh of lithium-ion cell production capacity. It will achieve this capacity in two phases of 6 GWh each. The 1st phase capacity of 6 GWh will commence production by December 2024. It will be followed by the commissioning of another 6 GWh by December 2027.
For the 1st phase 6 GWh, Exide is looking at both NMC and LFP chemistries depending on the target application.
“Basically, for automotive applications, batteries have to be lighter to allow for a bigger range. We will focus on high-density NMC batteries for applications where space is limited, such as electric 2 wheelers. For 3 wheelers, 4 wheelers, and other applications including energy storage, we are looking for advanced LFP chemistries,” Gayatri Dadheech, chief technology officer of Exide Industries Ltd said.
Exide is researching different technology options for the next-phase 6 GWh capacity. “It could be advanced lithium-ion cell technology, solid-state, or other battery technology. We are working on multiple things. Cells, formats, and chemistries would depend on where we are in our R&D process,” said Gayatri Dadheech.