The conglomerate has held talks with no less than 4 Chinese language corporations, together with Gotion, Cospowers, Svolt and Soundon, to energy its manufacturing unit in Cuttack, Odisha, the individuals cited above stated on situation of anonymity.
The group will first goal 10GWh of capability, with preliminary deal with battery power storage programs, which can transfer to cells later, in response to the primary particular person.
“The corporate has had a number of discussions on applied sciences with corporations in China,” the second particular person stated. “It’s seeking to finalise agreements on expertise switch for battery tech. Nothing concrete has materialised but.”
In keeping with a presentation made by JSW to a Japanese delegation in July, a duplicate of whichMinthas seen, a complete 50GWh of EV battery capability is anticipated to be accomplished in three phases by 2032.
The presentation talked about that 10GWh of capability shall be arrange by 2027 within the first part, throughout which JSW will purchase technical know-how of cell expertise. The second part — between 2028 and 2030 — will see development of 20GWh capability, which can then be expanded by one other 20GWh by 2032 within the third part.
The discussions in July have been with a Japanese delegation of 30 corporations that was visiting the nationwide capital for exploring tie-ups with Indian corporations for EV battery manufacturing. Companies akin to Panasonic, Nichia, Asahi Kasei, and Sumitomo Steel and Mining, amongst others, have been tapped for partnerships in direction of provide of key uncooked supplies for JSW’s cell plant.
Earlier, in December 2024, Reuters reported that the corporate held talks with Korean main LG for a three way partnership within the EV battery house, which would require a $1.5-billion funding for 10GWh.
JSW Group declined to touch upon e-mail queries despatched by Mint on 28 August.
Extra than simply batteries
Whereas the group has not publicly acknowledged its plans for battery-tech partnerships, its presentation to the Japanese delegation stated, “JSW Group is in dialogue with a key battery OEM for potential expertise tie-up to ascertain a world class cell manufacturing facility in India.”
The presentation added that JSW may even look to construct a presence in key supplies required in making a battery. “JSW is planning to put money into upstream worth chain of battery cell manufacturing particularly for cathode lively materials (cam)/ anode lively materials (AAM)/separator and so on,” the presentation stated.
The corporate’s battery technique shall be carried out by JSW Inexperienced Mobility and JSW Bess, the presentation added. JSW Inexperienced Mobility homes the group’s EV passenger and industrial car enterprise, and JSW Bess handles the storage system enterprise.
On the particular expertise entrance, JSW Group is seeking to develop batteries that use lithium iron phosphate (LFP) as the important thing chemistry, in response to the presentation referred to earlier.
To make sure, China dominates the worldwide LFP market.
“LFP batteries now make ~80% of the EV battery in China, which is <10% within the US (additional contraction seen in CY24, largely as a result of tariffs on Chinese language batteries),” Jay Kale of Elara Capital wrote in a 12 June observe. “Word that almost all of the LFP batteries for EVs bought within the EU or the US have been produced in China, indicating China’s monopoly in LFP batteries.”
What about different Indian corporations
A number of different Indian corporations, too, are engaged on constructing lithium-ion battery gigafactories, together with Ola Electrical, Reliance Industries, Rajesh Exports, Amara Raja, Agratas and Exide Industries.
Amongst these, solely Ola Electrical’s manufacturing unit has been constructed and the primary cells are set to be rolled out in merchandise from this month with the corporate operationalising 1.4GWh capability, in response to firm bulletins.
JSW’s robust push
The bid to enter the EV battery house is JSW group’s try and vertically combine all the important thing elements required in operating an EV. From automobiles, buses to auto elements, 12 months 2025 has seen JSW Group double down on its bid to develop presence within the car house.
The corporate pumped in additional than ₹1,000 crore in its car manufacturing subsidiary whereas it stays in discussions for a $300 million fundraise for its three way partnership with Chinese language SAIC, JSW MG Motor India, in response to a 3rd particular person conscious of the matter.
Positioning itself in all elements of the auto provide chain is a part of the technique of the corporate to make all the worth elements in India.
“Our concept is to not be an outpost of a Chinese language firm to promote merchandise in India,” Sajjan Jindal stated in an interview with Monetary Instances in December. “We need to manufacture the merchandise in India, value-add in India, and promote in India.”
