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Mercury EV Tech to Launch 3.2 GW Battery Manufacturing Facility in Vadodara

Mercury EV Tech Limited, through its subsidiary Powermetz Energy Private Limited, is set to commission a 3.2 GW lithium-ion battery manufacturing facility at its Vadodara campus. This strategic initiative aligns with India’s growing focus on energy storage and EV ecosystem development.

The facility, which is slated to begin pilot production by mid-May 2025, will be equipped with multi-chemistry flexibility, allowing the development and manufacturing of a range of advanced energy storage solutions. The chemistries to be produced include:

• LFP (Lithium Iron Phosphate): Known for its thermal stability and long cycle life.
• NMC (Nickel Manganese Cobalt): Offering higher energy density.
• Sodium-Ion Cells: Emerging as a cost-effective alternative to lithium-based chemistries.
• Super-capacitor Modules: Ideal for applications requiring high power and rapid charge/discharge cycles.

This diverse chemistry approach will enable Powermetz Energy to cater to a wide spectrum of energy storage applications—from electric vehicles (EVs) to grid-scale storage—boosting domestic self-reliance and reducing dependence on imports.

Located in Gujarat, the facility’s commissioning is a significant milestone in India's ambition to become a global battery manufacturing hub. It also supports the government’s push for clean mobility, energy transition, and the Production Linked Incentive (PLI) scheme for advanced chemistry cells.

With India’s energy storage market expected to reach 100 GWh by 2030, Mercury EV Tech’s entry into large-scale manufacturing is both timely and impactful. The plant will not only support innovation in storage technologies but also generate local employment and contribute to regional industrial growth.