The objective of this agreement is to promote exploration and study of the production of state-of-the-art lithium-ion batteries in India.
Under the agreement, Sunconnect will form a committee of experienced scientists, engineers and analysts.
The committee will also identify and evaluate professional partners and prepare plans for setting up a 1 GW battery production plant at Wardwizard’s electric vehicle subsidiary.
Yatin Gupte, Chairman and Managing Director, Wardwizard Innovations, said, “We are delighted to have the opportunity to work with the world’s leading Sunconnect. Their expertise will help us identify the right partner and plan for setting up a state-of-the-art Lithium Ion battery manufacturing unit in our EV ancillary cluster within 15 to 18 months.”