India’s First Lithium Ion Giga Factory to be build by BHEL
India’s First Lithium Ion Giga Factory will be build by Bharat Heavy Electricals Limited (BHEL) and Libcoin. Both the companies are in dialogue to form a world class consortium to initially build 1GWh lithium ion battery plant in India. Its capacity will be scaled up to 30GWh in due course. With this, India has finally taken steps into its energy security and clean energy commitment to the world. This project will bring energy independence by replacing oil imports with abundant renewable. This project also includes “Made by India, for India”, with focus on core-cost components manufactured domestically. It will also create integrated manufacturing ecosystem resulting in self-reliance and lower cost.