New Launch22 Feb 2025, 08:02 pm
Kinetic Engineering Commissions 60,000 Units/Year Battery Manufacturing Plant
AI Summary
Kinetic Engineering's Micro Age Instrument Pvt. Ltd. has commissioned an advanced battery manufacturing facility under the brand name 'Range-X' with an annual capacity of 60,000 units. The facility, located in Ahmednagar, Maharashtra, has an investment of INR 50 crores and will manufacture both LFP and NMC type batteries for two and three-wheeler EVs. The batteries are equipped with stable chemical composition, smart BMS Integration, and eco-conscious design. The facility is set to supply batteries for two-wheelers and is developing prismatic cells for three-wheelers. The EV battery market in India is expected to grow at a CAGR of 28.52% by 2029.
Key Highlights
- Kinetic Engineering commissions 60,000 units/year battery manufacturing plant under the brand name 'Range-X'
- Facility located in Ahmednagar, Maharashtra with an investment of INR 50 crores
- Manufacturing both LFP and NMC type batteries for two and three-wheeler EVs
- Batteries equipped with stable chemical composition, smart BMS Integration, and eco-conscious design
- Expected growth of EV battery market in India at a CAGR of 28.52% by 2029