MG Motor India collaborates with Epsilon Group to enhance EV Ecosystem in India
MG Motor India has recently unveiled its collaboration with the Epsilon Group to enhance the electric vehicle (EV) charging infrastructure and support ecosystem development in India. This partnership involves signing a Memorandum of Understanding (MoU) with two subsidiaries of Epsilon Group—Power EV, which provides charging solutions, and LICO, which specializes in battery recycling and second-life battery applications.
This strategic alliance aims to create a comprehensive framework for advancing MG Motor India’s EV initiatives through improved charging infrastructures and effective battery lifecycle management. Power EV will supply a range of AC and DC charging systems, featuring capacities from 22kW to 120kW, complemented by sophisticated Power Panel Management Software.
This technology streamlines the operation of charging stations, enhancing both user accessibility and efficiency. As part of the collaboration, Power EV commits to deploying 1000 charging points over the next 1000 days within residential areas across India, significantly expanding the public charging network with both standard and high-capacity DC charging options.
Moreover, Power EV is set to provide tailored charging technologies for MG’s current and future EV models, aiming to elevate the overall user experience. This initiative will leverage Power EV’s advanced technology to foster the development of robust, intelligent charging solutions.
On the other hand, LICO will focus on promoting circular economy principles by advancing battery recycling and refurbishment to reclaim valuable materials such as lithium, cobalt, manganese, and nickel. This effort supports sustainability and aligns with global environmental standards and regulations concerning battery disposal. MG Motor India and LICO will collaborate to enhance strategies for battery reuse, particularly in renewable energy storage applications, while ensuring adherence to Extended Producer Responsibility (EPR) norms and achieving high recycling efficiency.
Gaurav Gupta, Chief Growth Officer at MG Motor India, emphasized the company’s commitment to sustainability and the role of this partnership in fostering a comprehensive EV ecosystem that supports both innovative charging solutions and sustainable battery usage practices.
Vikram Handa, Managing Director of the Epsilon Group, highlighted the significance of this partnership in accelerating the adoption of green mobility solutions and circular economy practices. Benny Parihar, CEO of Power EV, added that this collaboration aims to redefine the EV charging infrastructure, making sustainable electric mobility a practical option for more consumers.
Gaurav Dolwani, CEO of LICO Materials Pvt. Ltd., stated that the partnership would set new benchmarks in the automotive sector for battery recycling and repurposing, particularly by innovating second-life uses for lithium-ion batteries sourced from MG’s EVs.
MG Motor India has been proactive in establishing a robust national EV charging network, having installed over 15,000 charging points across various locations. The company’s MG Charge initiative has already resulted in the installation of 500 charging stations in 500 days, with plans to reach the 1000-point milestone shortly. This expansion is part of MG’s broader strategy to enhance EV accessibility and enrich the customer experience through strategic industrial collaborations.
