Exide joins hands with China’s SVOLT to set up lithium-ion cell facility

NEW DELHI: Leading battery maker Exide Industries has entered into a long-term technical collaboration with China’s SVOLT Energy Technology for lithium-ion cell manufacturing for electric vehicles.

This partnership comes after the Kolkata-based firm had applied in the Production-Linked Incentives (PLI) Scheme for the National Programme on Advanced Chemistry Cell (ACC) Battery Storage, issued by the Ministry of Heavy Industries.