Exide Industries completes Phase-I of lithium-ion cell facility
after close1 source ↓written by the desknot a recommendation
- lithium-ion cell manufacturing
- 6 GWh
- in Bengaluru
- 23 Sep 2023
- shares have gained
- 17% YTD
Exide Industries' subsidiary, Exide Energy Solutions Limited (EESL), has successfully completed commissioning Phase I of its 6 GWh lithium-ion cell manufacturing facility in Bengaluru on 23 Sep 2023. This facility aims to produce advanced lithium-ion cells for various mobility and energy storage applications.
The completion may enhance Exide's competitive position in the growing battery market, potentially boosting investor sentiment as shares have gained 17% YTD. 📈
Not investment advice. For informational purposes only.