C4V, a company specializing in Li-ion battery technology in the United States, has entered into a memorandum of understanding (MOU) with Hindalco Industries. Their agreement focuses on the joint development and provision of aluminum foils of high quality for batteries, including coated foils and structural components. This collaboration aims to cater to the rapidly expanding demand in the EV battery materials market.
Hindalco, a company working in the aluminum and copper industry, focuses on sustainable and innovative metal solutions. Collaborating closely with OEMs, it aims to co-develop critical components for energy storage, emphasizing the upcoming factory’s reliance on a 25 MW solar power plant for sustainable production. Meanwhile, C4V, renowned for its breakthroughs in lithium-ion battery technology, aligns with Hindalco’s vision, jointly aiming to enhance energy storage systems through advanced materials and manufacturing techniques, driving the evolution of clean and efficient energy solutions.
Hindalco has agreed to supply C4V with up to 2,000 tons of high-quality aluminum foils suitable for batteries over a five-year duration, as outlined in their agreement. Alongside this supply arrangement, the collaboration involves mutual efforts in developing material technologies and associated expertise, as highlighted in various media reports. Hindalco is on the brink of launching an advanced manufacturing facility specifically dedicated to battery foils in Odisha, India. This facility, requiring an investment of ₹ 800 crores, is poised to have a substantial production capacity of 25,000 tons.
“The agreement also outlines a strategic roadmap encompassing collaboration on materials and joint technology development, aligning with the evolving demands of the Indian EV market. This multifaceted approach promotes local manufacturing and expertise, and is expected to strengthen India’s self-reliance in EV battery technology,” stated a statement from the company. In a tight partnership with original equipment manufacturers (OEMs), Hindalco is committed to jointly developing crucial components for energy storage, signifying a significant transition toward cutting-edge metal solutions. To advance sustainable manufacturing, the forthcoming facility will rely on a 25 MW solar power installation.
Regarding these recent advancements, Satish Pai, Managing Director of Hindalco Industries, remarked, “We’re witnessing rapid traction in the demand for battery materials, primarily propelled by a promising forecast for electric vehicles and grid-connected energy storage sectors.” He further emphasized, “In such pivotal domains, securing local access to raw materials holds immense significance. Our investment in the upcoming battery foil plant exemplifies our commitment in this direction.”
