China's Envision Group is considering building a battery manufacturing plant in India to capitalise on the country’s push to upgrade its energy grid for more renewable energy integration.
Suman Nag, Envision's Global Head for contracts, revealed that the company plans to set up a five-gigawatt-hour annual capacity unit worth USD 34 million once the market grows. The plant will source battery cells from China and locally produce racks and software infrastructure. He emphasised the importance of localising production, saying, “Just passing the equipment through our books and counting it as sales adds no value to our company in India.”
With a projected storage capacity growth to 46 GW by 2032, Envision aims to tap into the expanding market.