GFCL EV Products (GFCL EV), a wholly-owned subsidiary of Gujarat Fluorochemicals, has announced its plans to invest Rs 6,000 crore (out of which approximately Rs 650 crore is already invested till December 31, 2023) over the next 4- 5 years.
This investment shall enable supply of around 200 GWh of electric vehicle (EV) and energy storage system (ESS) battery solutions per annum. GFCL EV aims to enter high-demand regions of the US, Europe, and India. Fuelled by the IRA Act, China plus One strategy and Production-Linked Incentive (PLI) scheme respectively, these markets form the cornerstone of GFL’s growth strategy.
