GODI India Announces Plans for a Major Lithium Giga Factory in Telangana
GODI India Private Ltd announced plans to establish a research and development facility for Lithium and Sodium Ion technologies, as well as a Giga scale cell manufacturing plant in Telangana, with an investment of Rs 8,000 crore.
This announcement was made on Wednesday following the signing of a Memorandum of Understanding (MoU) between the Telangana government and GODI India. The agreement took place at the World Economic Forum conference in Davos, where GODI’s founder and CEO Mahesh Godi met with Telangana’s Chief Minister A. Revanth Reddy.
The proposed project is expected to create 6,000 jobs in its first phase over five years. Initially, the facility aims to establish a 2.5 Gwh cell assembly line, with plans to expand to 10 Gwh in its second phase. Since its inception in 2020, GODI has become a significant player in the energy storage sector.
The company has achieved notable milestones, including the development of Li-ion pouch and cylindrical prototype cells in its Li-ion pilot production line. GODI is also working on future innovations such as sodium-ion and solid-state battery technologies. It is setting up an advanced cell manufacturing facility to serve various sectors including defense and aerospace, solar and wind energy, telecommunications, electric vehicles, and electronics.
Chief Minister Revanth Reddy welcomed the investment, highlighting the Telangana government’s efforts to promote electric vehicle adoption and establish a comprehensive EV & Energy Storage System (ESS) ecosystem in the state. He noted that GODI’s project aligns with the state’s vision to encourage electric vehicle use. Mahesh Godi expressed gratitude towards the Telangana government for their support and cooperation, and expressed confidence in GODI’s significant role in fostering an ecosystem for EV and Energy Storage companies in Telangana.
“There is a groundswell of positivity and confidence in the business propensity and growth of Telangana after a Congress government under the leadership of CM Revanth Reddy took chargeAn official release quoted Godi as saying.