IBC to open a lithium-ion battery factory in India, investing ₹390 crore, creating 300 jobs.

International Battery Company (IBC) plans to start a lithium-ion battery factory in Karnataka, India, within nine months, investing ₹390 crore. The factory will create 300 jobs and produce batteries for small vehicles, with 20% of production slated for export to the US and EU, reducing reliance on Chinese imports. The project supports India's green energy goals and aims to boost local manufacturing and skills.

2 months ago
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