Exide to set up Lithium-ion cell plant, signs agreement with China's SVOLT

Under the the agreement, SVOLT will grant Exide an irrevocable right, licence to use, exploit and commercialise necessary tech and know-how owned by them for Li-ion cell manufacturing in India

Exide Industries – one of India’s leading battery manufacturers catering to the automobile and industrial segments – has entered into a long-term technical collaboration agreement with China's SVOLT Energy Technology Co Ltd for lithium-ion cell manufacturing, it said on Thursday.

Under the the multi-year agreement, SVOLT will grant Exide an irrevocable right and licence to use, exploit and commercialise necessary technology and know-how owned by them for lithium-ion cell manufacturing in India.

Additionally, SVOLT will also provide the support required for setting up of a state-of-the art green field manufacturing plant on a turnkey basis, the statement said.

The Jiangsu-headquartered