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ChemVolt Global to build a 5 GWh battery factory in India with $300M investment, creating over 5,000 jobs.
ChemVolt Global has signed an agreement with Andhra Pradesh to build a 5 GWh lithium-ion battery gigafactory with a INR 2,500 crore investment.
The facility, to be developed in phases, will produce large-format prismatic cells for grid storage and electric vehicles, with Phase I launching by Q3 2027 and full capacity by Q2 2029.
The project aims to create 1,500 direct and over 4,000 indirect jobs and supports India’s push for clean energy manufacturing.
ChemVolt also launched four new energy storage systems for utility and commercial use.
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ChemVolt Global construirá una fábrica de baterías de 5 GWh en India con una inversión de $300M, creando más de 5,000 empleos.