Exide eyes foray into lithium ion batteries

Signs agreement for design and manufacture of such batteries with China's Chawei Group

Exide Industries, a leading name in lead acid batteries for the automotive segment, is gearing up to ride the next wave of growth with a foray in lithium ion batteries.

"We are in a very disruptive stage as far as the battery industry is concerned. There is so much talk about e-buses, e-cars, etc. Elon Musk is creating such a hype. We are keeping our plans flexible currently. If electric vehicles come then our investment has to be in a different directions. Then we have to look for persons and collaborations," said G Chatterjee, MD & CEO, Exide Industries, on the