Power Global to set up lithium-ion battery infrastructure facility in India

US-based Power Global has planned to invest $25 million to set up a lithium-ion battery manufacturing unit and battery swapping infrastructure in India.

Power Global is setting up a 1 GWh capacity battery plant at Greater Noida in Uttar Pradesh. The facility is expected to be set up in the next two to three years. The company is also targeting to retrofit around 0.8 million existing conventional three-wheelers in India for conversion into electric vehicles.