September 2, 2021: Massachusetts-based lithium battery maker 24M Technologies has joined up with Indian electrical components manufacturer Lucas TVS to build a battery gigafactory in India, the firms announced on September 1.
The factory will be built in Thervoy Kandigai, Gummudipundi, near Chennai, and Lucas TVS said it expected it would build other plants throughout the country ‘to support the growing energy storage, electric mobility and lead-acid battery replacement markets’.
24M makes the battery brand SemiSolid, which will be manufactured in the factory, among others.
The company says its batteries are made with a thicker electrode, which increases energy density and reduces materials costs.
“Beyond its cost advantages, 24M’s patented cell design enhances safety, reliability and traceability by virtually eliminating potential metal contamination, the most common cause of shorts in conventional lithium-ion cells,” it says. “The SemiSolid electrode eliminates the use of binders and thereby enables the simplest and most efficient recycling of rejected or end-of-life cells.”
“Lucas TVS plans to build products using different chemistries, in pouch and prismatic cell formats, with high energy density,” said 24M.
It is the first time Lucas TVS will have ventured into batteries, although it makes other components for automobiles, and the firms said they would target grid-scale applications as well as the EV market.
India has a pressing need for batteries and the government recently unveiled a raft of incentives and tenders to battery firms under its ‘Production Linked Incentive’ to get more than 50GWh of storage installed in the next few years.