Advanced NMC battery cells will be made in India by Nash Energy and Rincell

A Memorandum of Understanding (MoU) has been signed by Nash Energy, India's only mass-scale LFP cell manufacturer, and US-based Rincell Corporation, a developer of rechargeable cells based on next-generation chemistries, to collaborate on the production of advanced battery NMC cells in India, marking a significant step toward the strengthening of the country's clean energy and electric vehicle sectors.

India's first mass-scale LFP Cell manufacturing unit in Bangalore has already been set up by Nash Energy, which has more than 15 Indian and global clients. A manufacturing plant with a capacity of around 10 GWh is planned to be built by Nash Energy in a phased manner, aligned with customer demand and commercial commitments.

Rincell will give Nash Energy access to its state-of-the-art Nickel Manganese Cobalt Cathode (NMC) battery cell technology as part of the arrangement. In exchange, Nash Energy will oversee the go-to-market and commercialization initiatives and establish a manufacturing plant in India to create these high-performance battery cells. The partnership focusing on Rincell's high-energy and high-power battery cell formats being produced — the 18650 (4.1Ah capacity), 21700 (5.8Ah capacity), and NMC cells (5Ah capacity with 5C and 4Ah capacity with 8C), customized to meet diverse customer needs. Close collaboration will be undertaken by both companies with Tier-1 and Tier-2 customers to build on existing purchase commitments and to explore next-generation battery cell designs collaboratively.

Also Read: Oriana, RVUNL to Build 50MW BESS to Boost Jaipur Grid Stability

"We're thrilled to partner with Rincell to bring advanced battery technology to India," said Sanjay S. Wadhwa, Managing Director of Nash Energy. "This initiative will help accelerate the adoption of clean energy and electric mobility in the country."