C4V, the U.S.-based Li-Ion battery technology company, has entered into a Memorandum of Understanding (MoU) with Hindalco Industries, focusing on the development and supply of Battery Grade Aluminium foils, Coated Foils, and structural components for Li-ion cells. This strategic collaboration aims to cater to the burgeoning market for electric vehicle (EV) battery materials.
Partnership details
Under the terms of the MoU, Hindalco is set to provide C4V with up to 2,000 tons of battery foil over a five-year period. The agreement outlines a comprehensive roadmap that includes collaboration on materials and joint technology development. This strategic alliance aligns with the dynamic requirements of the rapidly growing Indian EV market. By fostering local manufacturing and expertise, the collaboration is anticipated to contribute to India’s self-reliance in EV battery technology.
Hindalco’s manufacturing expansion
Hindalco Industries, in line with this collaboration, recently announced its plans to establish a 25,000-tonne battery foil manufacturing facility in Odisha. This expansion reflects Hindalco’s commitment to becoming a key player in the EV ecosystem, providing essential components for the production of Li-ion cells.
C4V stands as a global leader in advanced energy storage technologies and Gigafactory solutions. Committed to sustainability and innovation, C4V focuses on developing and deploying cutting-edge technologies and Gigafactories to address global energy storage challenges.
Outlook and implications
The collaboration between C4V and Hindalco marks a significant step in fostering local capabilities for EV battery manufacturing in India. By combining C4V’s expertise in Li-ion battery technology with Hindalco’s robust capabilities in aluminium foil production, the partnership aims to contribute to the growth and self-reliance of India’s EV ecosystem.
The strategic roadmap outlined in the MoU reflects a commitment to ongoing technological advancements and collaborative efforts to meet the evolving demands of the Indian market. As the demand for electric vehicles continues to rise, partnerships of this nature are crucial for building a sustainable and self-reliant ecosystem for EV battery production in the country.