RIL AGM 2023: RIL aims to set up battery giga factory by 2026, says Mukesh Ambani

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Reliance Industries Ltd (RIL), stated in the 46th Annual General Meeting (AGM) 2023 that the establishment of a giga factory for batteries by 2026 is a concurrent priority for them. In order to create a fully integrated ecosystem, the giga battery will produce battery chemicals, cells, and packs, all the way up to containerised energy storage systems.

"Our concurrent priority is to set up our Battery giga factory by 2026. It will manufacture battery chemicals, cells and packs, leading all the way up to containerised energy storage solutions, and will include a Battery Recycling facility to deliver a truly integrated ecosystem.

Also Read: Reliance AGM 2023 LIVE Updates: Shall perform duties as CMD of Reliance Industries for 5 more years: Mukesh Ambani We will start with LFP chemistry which has been proven at scale for its safety, stability, and life, targeting to produce LFP based solutions at world beating lifecycle costs. Simultaneously, we are focused on fast-track commercialisation of our sodium ion battery technology.

We will build on our technology leadership position by industrialising sodium ion cell production at megawatt level by 2025, and rapidly scale up to giga scale thereafter," said Mukesh Ambani at the 46th RIL AGM Meeting. According to Mukesh Ambani, they are still committed to completing the Dhirubhai Ambani Green Energy Giga Manufacturing Complex at Jamnagar soon.

Also Read: Reliance AGM 2023: Key highlights from RIL Chairman Mukesh Ambani's speech to shareholders "Our first priority is to deliver a fully-integrated, end-to-end Solar PV manufacturing ecosystem. This will be one of the largest, most technologically advanced, flexible, and most cost-competitive Solar giga factory globally, and will be