Exide Energy Solutions Limited (EESL) is setting up one of India’s first gigafactories to manufacture lithium-ion cells in Bengaluru.
The complex would also house the Research & Development center.
Exide Industries Limited (NSE:EXIDEIND) is India’s largest battery company. Exide has nine factories strategically located all over India. Out of the nine factories, seven focus on battery production, while the remaining two manufacture Home UPS Systems. Collectively, these plants yield an annual production of 8 million units of automobile batteries (including motorcycle batteries) and over 600 million Ampere-Hours of Industrial Power.
It has two subsidiaries focusing on Li-ion batteries:
Exide Energy Private Limited (EEPL):
- Established in 2018
- Specializes in developing and manufacturing lithium-ion-based modules and packs
- Located in Prantij, Gujarat
- Has a manufacturing capacity of 1.5 GWh
Exide Energy Solutions Limited (EESL):
- Established in 2022
- Focuses on the manufacturing of advanced chemistry cells
- Located in Bengaluru, Karnataka
- Has a manufacturing capacity of 12 GWh, divided into two phases.
EESL, a wholly owned subsidiary, focuses on manufacturing lithium-ion cells (cylindrical, pouch, prismatic). Engaged in the production, assembly and sale of battery modules and packs. It is in the development of cells and energy storage solutions for both mobility and stationary applications.
Exide Energy Solutions Limited’s Factory in Bengaluru
Exide Energy Solutions Limited (EESL) is establishing one of India’s first gigafactories to manufacture lithium-ion cells at its Bengaluru facility.
- Facility Area: 325,000 square meters
- Total Investment: Rs. 6,000 crore
- Li-ion Cell Manufacturing and Packs & Module Facility
- Phase I Capacity: 6 GWh (Expected to be completed by 2025)
- NCM (Nickel Cobalt Manganese) Cells: 3 GWh
- LFP (Lithium Iron Phosphate) Cells: 3 GWh
- Phase II Capacity: 6 GWh
Phase 1 Construction work is currently underway. It is expected to be completed by 2025. The project is on track to meet its defined timelines. Initially, the Phase 1 capacity will be 6 GWh, with plans to ramp it up to 12 GWh. Exide has requested for additional 40 acres land in Devanahalli Industrial area for its Phase 2 plans.
EESL collaboration with SVOLT
EESL signed a long-term technical partnership with SVOLT Energy Technology Co. Limited, (SVOLT) for the manufacturing of lithium-ion cells. SVOLT is a high-tech company specializing in the development and manufacturing of lithium-ion batteries and storage solutions for multiple applications. SVOLT has a team of more than 300-400 R&D experts and the company is headquartered in China.
As part of the agreement, EESL has been granted rights to use and commercialize SVOLT’s technology and know-how for lithium-ion cell manufacturing. Additionally, SVOLT is also assisting Exide Energy Solutions Limited in setting up an end-to-end production process including upstream supply chain, manufacturing plant and equipment, quality processes and so on, on a turnkey basis.