Exide Industries develops solutions for hybrid and electric vehicles
Manufacturer of lead-acid batteries Exide
Industries Ltd is focusing on innovations for emerging applications such as hybrid and electric vehicles, a company official said on Tuesday.
A lithium-ion joint venture has been formed and is well positioned with an assembly line with a capacity of 1.5 GWh, he said.
“The company is developing advanced lead-acid solutions for emerging applications, including hybrid vehicles and electric vehicles,” Managing Director and CEO Gautam Chatterjee told shareholders at the annual general meeting.
He also spoke about the introduction of “ultra-batteries” and other solutions in the field of energy storage and in the field of lithium chemistry.
Chatterjee said that with lower initial costs and gradual improvement in technology, higher production of electrified vehicles is now possible.
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