JSW Group explores battery joint venture with Japanese, Korean firms
after close1 source ↓written by the desknot a recommendation
JSW Group is in advanced talks with Japanese and South Korean manufacturers to establish a joint venture for battery cell manufacturing in India. This move aims to reduce reliance on Chinese imports amid recent export restrictions on critical technologies. Discussions are expected to conclude by March 2024.
The proposed JV will support multiple verticals within the JSW ecosystem, enhancing supply chain security for its new energy vehicles (NEV) business.
Not investment advice. For informational purposes only.