Anil Ambani’s Reliance Infrastructure soon to enter EV’s business

New Delhi| Anil Ambani is going to compete with Tata and Mahindra including elder brother Mukesh Ambani. Actually, Anil Ambani’s company Reliance Infrastructure is considering a plan to make electric cars and batteries. According to news agency Reuters, the company has appointed former Indian head Sanjay Gopalakrishnan in China’s BYD company to advise on its plans. According to Reuters, Anil Ambani’s company has hired external consultants to set up an EV plant with a capacity of about 2.50 lakh vehicles per year. The company plans to increase the capacity of this plant to 7.50 lakh vehicles per year in the coming few years.

Anil Ambani’s company is also considering making batteries. According to a source, the company plans to build a battery plant with a capacity of 10 gigawatt hours (GWh). The company also plans to increase the capacity of this plant to 75 GWh in the coming few years.

Mukesh Ambani is also working on manufacturing batteries. He recently won a bid for a government incentive for 10 gigawatt hours of battery cell production. Mukesh Ambani will make Advanced Chemistry Cell (ACC) battery. ACC is an advanced technology to store energy. Under this, electric energy is stored in the form of electrochemical energy. After this, if needed, it can be converted into electricity. It is also used in electric vehicles. Anil Ambani’s company will compete with companies like Tata and Mahindra on making electric cars. These companies are already in the electric car market.

According to the sources Reliance Infrastructure is looking for partners. The company plans to finalize its project in the next few months. According to Reuters, Reliance Infrastructure has formed two new wholly owned auto-related subsidiaries in June. The name of one of these is Reliance EV Private Limited.

Reliance EV Private Limited (REVPL), a subsidiary of Reliance Infrastructure, has outlined several specific plans as part of its foray into the electric vehicle (EV) sector:

• Manufacturing and Dealing: REVPL aims to manufacture and deal in vehicles of every description and components for transport and conveyance using any nature of fuel.
• Infrastructure Development: The company is investing in the installation of a network of EV charging stations and battery swap stations at its mobility stations and other standalone locations.
• Battery Manufacturing: Reliance is also entering the lithium-ion battery manufacturing space with LFP (lithium iron phosphate) chemistry, which is crucial for the EV industry.
• Collaborations: There are reports of talks with Tesla for setting up an EV manufacturing plant in India, indicating potential collaborations with global leaders in the EV space.

These initiatives reflect Reliance’s commitment to the EV sector and its strategy to become a significant player in the rapidly growing market for sustainable transportation solutions.