JSW group in talks with Chinese biggies to charge up its EV drive
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With «high ambitions in the EV space,» JSW has been holding «discussions with multiple established industry players in China» and the final plans-including the nature and areas of collaborations-are expected to be firmed up in 2025, one of the sources said.
The paint-to-steel conglomerate has even selected platforms-two each for electric cars and commercial vehicles-for its own EV drive, people cited above said. The business is likely to be housed under JSW Green Mobility.
Though the existing JV, JSW MG Motor India will have synergies with JSW Green Mobility, the two will have independent operations, the sources said.
Queries related to the new business plan and talks with Geely and others sent to JSW over a week ago remained unanswered till the publishing of this report.
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