Nexcharge, the joint venture between Exide Industries and Leclanché, aims to become a leading provider of storage solutions for electric vehicles and energy storage applications in India and will also contribute to developing solutions to increase the amount of renewable energy that is used and reduce India’s dependence on fossil fuels.
Leclanché and Exide Industries, India’s largest manufacturer of batteries, signed an exclusive agreement in June 2018 to form a new joint venture to build lithium-ion batteries and energy storage solutions to power the growth of India’s electric vehicle market.
The JV’s production plant will be based in Gujarat, India. A module and battery pack assembly line is expected to be operational by Q2 2019 and a lithium-ion cell production plant is expected to be in operation by mid 2020. Nexcharge will focus on e-transport, on stationary energy storage systems and speciality storage markets. In e-transport, the target segment is fleet vehicles including e-buses, e-wheelers and e-rickshaws.