**JSW Group Explores Partnerships for EV Battery Manufacturing in India**
JSW Group is actively engaging with several Chinese companies, including Gotion, Cospowers, Svolt, and Soundon, to establish a power supply for its factory in Cuttack, Odisha. According to sources who requested anonymity, the conglomerate aims to achieve an initial capacity of 10GWh, focusing first on battery energy storage systems before transitioning to cell production.
The discussions have revolved around technology transfer agreements for battery technology, although no formal agreements have been finalized yet. A presentation made by JSW to a Japanese delegation in July outlined plans for a total of 50GWh of electric vehicle (EV) battery capacity to be developed in three phases by 2032. The first phase aims to establish 10GWh of capacity by 2027, during which JSW will gain expertise in cell technology. The subsequent phases will see the construction of an additional 20GWh between 2028 and 2030, followed by another 20GWh by 2032.
In July, JSW engaged with a Japanese delegation comprising 30 companies interested in forming partnerships for EV battery manufacturing. Notable firms such as Panasonic, Nichia, Asahi Kasei, and Sumitomo Metal and Mining were approached for collaborations to supply essential raw materials for JSW’s cell plant. Additionally, in December 2024, discussions were reported with South Korean giant LG regarding a joint venture in the EV battery sector, which would require a $1.5 billion investment for 10GWh of capacity.
While JSW has not publicly confirmed its battery technology partnerships, the presentation to the Japanese delegation indicated that the group is in talks with a key battery original equipment manufacturer (OEM) to establish a world-class cell manufacturing facility in India. The company also plans to invest in the upstream value chain of battery cell manufacturing, focusing on critical materials such as cathode active material (CAM), anode active material (AAM), and separators.
JSW’s battery strategy will be executed through its subsidiaries, JSW Green Mobility, which oversees the EV passenger and commercial vehicle business, and JSW Bess, which manages the energy storage system business.
In summary, JSW Group is positioning itself as a significant player in the EV battery manufacturing landscape in India, with ambitious plans for capacity expansion and technology partnerships.
**FAQ**
**What is JSW Group’s plan for EV battery manufacturing?**
JSW Group aims to establish a 50GWh EV battery capacity in India by 2032, starting with a 10GWh facility focused on battery energy storage systems and transitioning to cell production.
