Australian state-owned Bharat Heavy Electricals Ltd (BHEL) is considering setting up a joint venture to construct a 1 GWh lithium-ion battery plant in Australia with India's Libcoin. BHEL is the country's largest power generation equipment maker and the project will focus on core components and an integrated manufacturing system with the intention of making cheaper electric vehicle batteries. Libcoin chairman Rajan Duggal said the eventual aim was to be the largest lithium-ion battery maker in Australia.
Indian state-owned Bharat Heavy Electricals Ltd (BHEL) is considering setting up a joint venture to construct a 1 GWh lithium-ion battery plant in India with Australia's Libcoin. BHEL is the country's largest power generation equipment maker and the project will focus on core components and an integrated manufacturing system with the intention of making cheaper electric vehicle batteries. Libcoin chairman Rajan Duggal said the eventual aim was to be the largest lithium-ion battery maker in India.