Reliance Industries Pauses Battery Cell Manufacturing Plans Due to Chinese Export Controls

Reliance Industries has paused its lithium-ion battery cell manufacturing plans in India after failing to secure technology licensing from a Chinese firm. This decision follows China's export controls on lithium battery components.

洞察:
Reliance Industries Limited has announced a pause in its plans to manufacture lithium-ion battery cells in India. The decision comes after the failure to secure a technology licensing agreement with Xiamen Hithium Energy Storage Technology. This setback follows China's recent implementation of export controls on lithium battery components, which prompted Xiamen Hithium to withdraw from the partnership.
The logo of Reliance Industries is displayed at a stall during the Vibrant Gujarat Global Trade Show in Gandhinagar, India, on January 17, 2019. REUTERS/Amit Dave
The logo of Reliance Industries is displayed at a stall during the Vibrant Gujarat Global Trade Show in Gandhinagar, India, on January 17, 2019. REUTERS/Amit Dave
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