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C4V and Hindalco join forces for EV Battery advancements in India
Industry News- Dec 20,23
Hindalco, in line with this collaboration, has recently announced the establishment of a 25,000-tonne battery foil manufacturing facility in Odisha.
C4V, a US-based company specialising in Li-Ion battery technology, has entered into a Memorandum of Understanding (MOU) with Hindalco Industries for the development and supply of Battery Grade Aluminium foils, Coated Foils, and structural components for Li-ion cells. This collaboration is aimed at meeting the growing demand for EV battery materials in the market.
Under the terms of the MOU, Hindalco will supply C4V with up to 2,000 tonnes of battery foil over a five-year period. The agreement not only involves the supply chain but also establishes a strategic roadmap for collaboration on materials and joint technology development. This aligns with the dynamic needs of the Indian EV market, emphasising local manufacturing and expertise. The initiative is expected to enhance India's self-reliance in EV battery technology.
Hindalco, in line with this collaboration, has recently announced the establishment of a 25,000-tonne battery foil manufacturing facility in Odisha.
C4V, known for its global leadership in advanced energy storage technologies and Gigafactory solutions, is dedicated to sustainability and innovation. The company focuses on developing and deploying cutting-edge technologies and Gigafactories to address global energy storage challenges. C4V's mission is to expedite the transition to a renewable energy future through advanced battery chemistry, cell designs, and Gigafactory blueprints.
Source: ET Energy
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