Exide Industries announced the successful commissioning of its 6 GWh lithium-ion cell plant in Bengaluru. The company is now focused on stabilizing production lines, improving yields, and ramping up revenue. This marks a significant step in Exide’s expansion into the new energy sector, with customer qualifications progressing for automotive and telecom applications.
Lithium-Ion Cell Plant Commissioned
Exide Industries has announced a significant milestone with the commissioning of its 6 GWh lithium-ion cell plant in Bengaluru. This development marks a crucial step in the company’s strategic expansion into the new energy sector, particularly in the rapidly growing electric vehicle and energy storage markets.
Focus on Production and Revenue Growth
The company’s immediate focus following the commissioning is on stabilizing the production lines, enhancing manufacturing yields, and scaling up revenue from the new facility. Exide is actively engaging in customer qualification processes, targeting approvals from OEMs and telecom players in the near term. The increasing penetration of electric two-wheelers in the market presents a substantial opportunity for Exide’s lithium-ion business.
Market Outlook and Investment
Exide Industries views the automotive OEM demand as a key driver for future aftermarket demand, for which it is preparing. The company also anticipates growth in its solar and stationary storage business, supported by government initiatives. As of the announcement date, Exide’s cumulative equity investment in Exide Energy Solutions (EESL) stands at INR5,352 crore, including INR550 crore invested in the current financial year.
Product Development and Validation
The company is progressing with customer sample validations for both NMC and LFP cells. Performance testing for some leading two-wheeler OEMs has been completed, with lifecycle testing underway. Exide is also supplying samples to telecom operators and utilizing its own e-rickshaw packs, receiving positive feedback on LFP cell performance. The company anticipates various validations for NMC two-wheeler OEMs and telecom towers to conclude soon.
Source: BSE
