Lithium-ion battery maker Lohum to invest Rs 250 cr on capacity expansion
Lithium-ion battery pack manufacturer and recycling company Lohum plans to invest up to Rs 250 crore in the next three years to enhance its capacity with plans to foray into electric four-wheeler battery segment, according to a top company official.
The company, which currently has battery manufacturing capacity of 300 megawatt-hours per annum, plans to set up a new unit at Greater Noida to take its total battery manufacturing capacity to a “gigawatt-hour scale” to respond to the surge in demand from the electric vehicles segment.
“What we had anticipated for 2022 capacity, we realised that our capacity will fall short. Immediately…
