JSW holds talks with four Chinese firms as EV battery know-how hunt intensifies in three countries
Konglomera, the above -mentioned people on the condition of anonymity, the people, including Gion, Cospowers, Svolt and Soundon, including at least four Chinese firm factory, Cuttack, Odisha’daki made talks to strengthen.
According to the first person, the group will first target the capacity of 10GWH and focus on the battery energy storage systems that will move to the cells according to the first person.
The second person said, “The company has more than one discussion about technologies with companies in China,” the second person said. “He wants to finalize the agreements on technology transfer for battery technology. Not yet concrete has happened.”
According to a presentation by JSW to a Japanese delegation in July, a copyMintIt was seen, a total of 50GWH home battery capacity is expected to be completed in three stages until 2032.
The presentation stated that in the first stage, a capacity of 10GWH will be installed by 2027, and in the meantime, JSW’s cell technology will get technical information. The second stage will see the construction of a capacity of 20GWH between 2028 and 2030, which will be expanded by 20gWh by 2032 in the third stage.
The discussions in July were with a Japanese delegation of 30 companies visiting national capital to discover relations with Indian companies for home battery production. Companies such as Panasonic, Nichia, Asahi Kapei and Sumitomo Metal and Mining were touched for partnerships for key raw material supply for JSW’s cell facility.
Previously, in December 2024, Reuters He reported that the company has met with Korean Major LG for a joint venture in the home battery field, which will require an investment of $ 1.5 billion for 10GWh.
JSW Group refused to comment on the e -mail queries sent Mint On August 28th.
More than just batteries
Although the group does not accept their plans for the battery-technology partnerships, the Japanese delegation is presenting to the Japanese delegation, “The JSW group meets an important battery for a potential technology connection to establish a world-class cell production facility in India.” He said.
The presentation added that JSW will try to create an asset in the basic materials required for battery making. “JSW, especially Cathode Active Material (Glass)/ Anode Active Material (AAM)/ Differential, etc. for battery cell production plans to invest in the up flow value chain.” He said.
The presentation added that the company’s battery strategy will be implemented through JSW Green Mobility and JSW BESS. JSW Green Mobility hosts the group’s home passenger and commercial vehicle business and deals with the JSW BESS storage system.
On the specific technology front, JSW Group wants to develop batteries using lithium iron phosphate (LFP) as key chemistry, according to the previously referenced presentation.
To be sure, China dominates the global LFP market.
Jay Kale from Elara Capital, “LFP batteries, the USA, which is <10% (CY24, due to tariffs on Chinese batteries) is doing ~ 80% of the home battery." “Remember that almost all LFP batteries are produced in China for the EU or the Houses sold in the EU or the United States, and show the monopoly of China's LFP batteries.”
What about other Indian companies
Some other Indian companies are trying to build lithium ion battery gigafactories, including Ola Electric, Reliance Industries, Rajesh Exports, Amara Raja, Agratas and Exide Industries.
Among these, only Ola Electric’s factory was built according to the company announcements, and the first cells have been launched in products since this month by activating the capacity of 1.4GWH since this month.
JSW’s strong push
The proposal to enter the home battery field is the attempt to vertically the JSW Group’s vertically required to start home. 2025, from cars to automatic components, saw that the JSW Group has doubled in the automobile area offer to expand the presence.
The company has pumped more LaAccording to a third person, China SAIC has been in discussions for collecting a $ 300 million donation for a joint venture with the JSW MG Motor India, while the car production subsidiary is 1,000 Crore.
Positioning in all parts of the automobile supply chain is part of the company’s strategy to make all value components in India.
“Our idea is not to be a Chinese company’s police station to sell products in India,” Sajjan Jindal said in an interview with Financial Times in December. He said. “We want to produce products in India and sell in India and sell in India.”
