GFCL EV to invest Rs 6,000 crore in indigenous EV battery supply chain
GFCL EV Products, a wholly-owned subsidiary of Gujarat Fluorochemicals, on Wednesday announced an investment of Rs 6,000 crore to ramp up production capacity of electric vehicle (EV) battery materials in the next four-five years.
The company’s aim is to establish a pioneering ecosystem for electric mobility by delivering approximately 200 GWh/year of EV and energy storage system (ESS) battery solutions.
The investment will empower the company to cater to the high demand from the US, Europe and India.
