NEMO Selects Tenova for Louisiana DRI Plant Nippon Steel Returns to Profit in Q1 JFE Steel Produces Iron Using Green Hydrogen
In order to meet growing domestic demand, India's largest refiner, Indian Oil Corp., declared in a statement that it collaborated with Panasonic Energy to establish a joint venture (JV) for the production of lithium-ion cells in India.
The agreement follows an initial understanding between the two companies on lithium-ion cells in January.
Lithium-ion batteries, which power electric vehicles (EV) and are used to store energy, are expected to play a major role in India's goal to be a net zero emitter of greenhouse gases by 2070.
The country is expected to see sales of more than 10 million EVs a year by 2030, according to an annual Economic Survey.
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