Lohum, ReElement To Set Up Lithium-Ion Battery Unit

New Delhi: Homegrown battery-tech startup company Lohum Cleantech on Thursday announced to set up a lithium-ion battery materials processing facility in the US with ReElement Technologies and American Metals for $30 million.The joint 15.5 gigawatt hours (GWh) facility will be set up with an initial investment of $30 million, creating 250 “green jobs”.

The partnership is expected to initially supply over 315,000 electric vehicles annually with continued growth based on feedstock availability. The initial operating location will be at the Marion Advanced Technology Center in the state of Indiana, and expand to other locations as determined by the joint venture parties, the companies said in a statement.