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Reliance Pauses India Battery Plans on Tech Deal Failure
12 Jan
Summary
- Reliance Industries halted its lithium-ion battery cell production plans.
- The company failed to secure necessary Chinese technology for manufacturing.
- The pause impacts India's domestic battery production ambitions.
Reliance Industries, a major Indian conglomerate, has reportedly halted its initiative to produce lithium-ion battery cells within India. The pause is attributed to the company's failure to secure essential manufacturing technology from China.
This development casts a shadow over India's aspirations to boost its domestic capacity in the critical field of battery production. The inability to obtain the necessary technological know-how presents a significant hurdle for the nation's clean energy goals.
The move by Reliance underscores the complex global supply chains and technological dependencies involved in advanced manufacturing, particularly for components vital to the electric vehicle and renewable energy sectors.
