Hindalco Drives EV Revolution with Copper Foil Production
Gandhinagar, India – September 18, 2024: Hindalco Industries, one of the world’s metals giants, is poised to take a lead role in India’s electric vehicle revolution. Copper foil produced at its plant under construction in Halol, Gujarat, will be used in lithium-ion batteries, an essential component.
This has been announced by Hindalco’s CEO, Rohit Pathak in his recent interview on the sidelines of the RE-INVEST 2024. The company has made an announcement that the new facility it is going to build near Vadodara shall be operational in the next three years.
The investment of the company is actually serving the strategic imperative to sustainable and innovative solutions. The application for EV batteries would call for excellent conductivity and thermal management properties of copper foil. Thus, by investing into it, Hindalco is strengthening the presence in a rapidly growing market and is also contributing to the objectives of India in green energy.
Hindalco’s Ambitious Expansion: Fueling India’s EV Future
“We’re planning to produce copper foils, aluminium foils, and specialty aluminium products for EV batteries. The technology used to make copper foils is very new. Currently, it is only available in Japan, Korea, and China. We will be the first to manufacture this in India, collaborating with technology partners”
Rohit Pathak, CEO of Hindalco
The company has already allocated a substantial sum of Rs 800 crore to establish a facility for manufacturing aluminum foils for batteries. This plant is currently under construction and is expected to play a crucial role in supporting the growing demand for EV batteries.
Furthermore, Hindalco is constructing the country’s largest Copper Inner Groove Tube plant in Waghodia, Vadodara. This facility will produce a vital component used in electric motors, further strengthening Hindalco’s presence in the EV supply chain.
“Copper foils for EV batteries is another important area. Currently, all of this is imported, but with the govt’s Production Linked Incentive (PLI) scheme, more battery cell manufacturing is taking place in India. We’re planning to produce copper foils, aluminium foils, and specialty aluminium products for EV batteries. The technology used to make copper foils is very new. Currently, it is only available in Japan, Korea, and China. We will be the first to manufacture this in India, collaborating with technology partners,”
Rohit Pathak, CEO of Hindalco
“This project will be commissioned by the end of this calendar year and will reduce the import dependence for this key component in air conditioners,”
Rohit Pathak, CEO of Hindalco
These strategic investments demonstrate Hindalco’s commitment to driving innovation and supporting India’s transition to electric mobility. By focusing on key components for EV batteries and motors, the company is well-positioned to capitalize on the burgeoning market and contribute to a greener future.