Exide's proposed Gigafactory will be spread over 80 acres of land and will be producing technology leading lithium-ion batteries to suit varied EV & Industrial segment requirements. Keeping this objective in mind, Exide has entered into a multi-year technical collaboration agreement with SVOLT Energy Technology Co. (SVOLT), a global technology company that makes and develops lithium-ion batteries and battery systems for EVs as well as for energy storage. In addition to technology, SVOLT will provide support for setting up the plant on a turnkey basis. Moreover, Exide will also set up a state-of-the-art R&D lab and pilot line to support new product development for the Indian market. The first phase of the facility is expected to be operational by the end of 2024.
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