JSW in talks with LG Energy Solution to make EV batteries in India
Indian steel-to-energy group JSW is in early stage talks with Korea’s LG Energy Solution (LGES) about jointly manufacturing batteries in India, two sources told Reuters, as it presses ahead with plans to build electric vehicles locally.
JSW held talks with senior LGES executives in Korea earlier this month, proposing a partnership to manufacture battery cells in India for EVs and energy storage, one of the people with direct knowledge of the discussions said.
LGES and JSW both declined to comment on any discussions.
The Indian company is also talking to other battery players including China’s CATL and Japan’s Panasonic and Toshiba as it looks to build a local supply chain for EVs, said the second person, who is familiar with JSW’s EV plans.
