Tata and JSW to spend $1bn building India’s way out of Chinese battery dependence
The two conglomerates are funding separate R&D centres focused on next-generation battery chemistries and advanced EV systems. The investment is a hedge: both groups currently buy critical battery components from Chinese suppliers and want options when Beijing tightens export rules again.
India’s two largest steel-and-everything-else conglomerates are putting close to $1bn behind a question that has become urgent for the country’s electric-vehicle industry: what happens when the Chinese suppliers stop picking up the phone?
Tata Group and JSW Group are separately funding research-and-development centres aimed at building in-house expertise in next-generation battery technologies and advanced EV systems, Bloomberg reported on Wednesday, citing people familiar with the plans. The combined commitment is just under $1bn.
Both companies are reasoning from the same exposure. India’s EV industry, including their own businesses, runs heavily on Chinese cells, materials and equipment.
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