JSW taps 4 China firms, others for EV battery tech

The Sajjan Jindal-led JSW Group has held talks with Chinese battery technology companies to source expertise and tech for its ambitious lithium-ion battery project for electric vehicles (EVs), according to two people aware of the matter.

- Ayaan Kartik

The group has also been in consultation with companies from Japan and South Korea.

The conglomerate has held talks with at least four Chinese firms, including Gotion, Cospowers, Svolt and Soundon, to power its factory in Cuttack, Odisha, the people cited above said on condition of anonymity. The group will first target 10GWh of capacity, with initial focus on battery energy storage systems, which will move to cells later, according to the first person.

"The company has had multiple discussions on technologies with companies in China," the second person said. "It is looking to finalize agreements on technology transfer for battery tech. Nothing concrete has materialized yet."

According to a presentation made by JSW to a Japanese delegation in July, a copy of which Mint has seen, a total 50GWh of EV battery capacity is expected to be completed in three phases by 2032.