Exide bets Rs 1,000 crore on cleaner lithium-ion batteries

Make lithium-
Ion batteries for the upcoming Gujarat State plant;
Relations with the United States
China-based companies will reduce the use of the leading industry leader Li dewest Germany industry
Acid batteries for cars will vigorously promote lithium-
Ion technology plans to invest nearly Rs 1,000 in the upcoming Gujarat State plant.
In response to the emerging market for electric vehicles, Exide worked with Swiss company leclanche last month to produce lithium batteries.
Ion battery technology in its plant is expected to start operating in the medium term2020.
The company will also invest in producing batteries that consume less lead using technology from advanced battery concepts in the United States.
These product lines will help Exide reduce reliance on traditional leads
Acid batteries have been subject to intense competition from rival Amara Raja, as well as the vagaries of lead price fluctuations that affect their profits and bottom lines.
\"Over time, we will invest about Rs 1,000 in the Gujarat state factory.
The facilities we obtained from Tudor India are being transferred to the joint venture.
Initially, we will purchase cells until we get a viable volume.
If we make lithium batteries
Ion battery, then it will initially require an investment of about Rs 800, \"said general manager Gautam Chatterjee on the sidelines of the company\'s annual general meeting.
Chatterjee saw an option
Increased demand for lithium
Mainly from ion batteries that the government powers the country.
It has transportation infrastructure such as city buses.
\"We are also working on a bipolar (Green Seal) technology that reduces lead consumption by about 30% using the technology offered by advanced battery solutions.
This is a very disruptive technology. we haven\'t decided where to produce it yet.
\"In Haldia (West Bengal state), we are expanding our facilities or in Hosur (Tamil Nadu state),\" Chatterjee said ). \".
Greenseal technology, licensed by Exide, claims that battery life has increased by about 300% compared to standard lead batteries
Charges are twice as fast as they were
\"Lead accounts for about 40% of the total battery cost.
By using a bipolar battery, we can reduce the cost by about 10%, which will be very important. Exide\'s operating margin has shrunk by 140 basis points to 14 basis points.
1%, mainly due to the increase in lead prices, some of which were imported.
In Haldia, the expansion will cover more than 20 acres near the existing plant.
A battery recycling plant that extracts lead from old batteries will be built on another 20 acres of land nearby.
Chatterjee told shareholders that Exide\'s capital expenditure will reach Rs 1,100 in the current financial situation.