This decision aligns with the JSW Group’s recent foray into the automobile sector through a joint venture with MG Motors, owned by China’s SAIC Motor.

The JSW Group project consists of a 50 GWH EV battery plant, EVs, Lithium refinery, copper smelter and related component manufacturing units.

This move aligns with JSW Group’s strategic vision, positioning itself as a key player in the dynamic Indian electric vehicle (EV) market.

The ambitious investment is poised to intensify the competition among domestic and international contenders eyeing a slice of India’s growing EV pie.

The potential technology licensing agreement would allow JSW to employ Leapmotor’s platform to manufacture EVs under its brand name in India.