The Times of India reported on September 25 that Ashok Leyland, a subsidiary of the Hinduja Group, has signed a 20-year cooperation agreement with the China Aviation Lithium Battery Group (CALB Group), aiming to achieve domestic lithium-ion battery production in India through a phased strategy. In the short term, Ashok Leyland will still rely on imported cells, focusing on battery pack assembly, thermal management, and software integration, while relying on Chinese technology support to accumulate process experience, with the goal of being able to independently design and produce batteries within five years. However, the company plans to invest over 50 billion rupees (approximately 563 million USD) over the next seven to ten years to build a battery innovation and materials research and development center, and expand into the two-wheeler, three-wheeler, and grid-scale energy storage markets. Bloomberg New Energy Finance predicts that by 2035, India will become the third-largest battery market in the world, with demand increasing 19 times. This collaboration shows that India needs to leverage Chinese technology in its green energy transition while also striving to establish self-reliant capabilities.
Original source: www.toutiao.com/article/1844398630863048/
Statement: The article represents the views of the author.