Mukesh Ambani-led Reliance Industries has halted lithium-ion battery cell manufacturing plans in India after negotiations with a Chinese technology partner failed. The company had reportedly planned to begin cell manufacturing this year, as part of its larger Rs 75,000 crore ($10 billion) "New Energy" ecosystem plan. Why did Reliance pause lithium-ion battery cell manufacture in India? This prompted Reliance to refocus on assembling battery energy storage systems, the report said. Reliance had committed to invest Rs 75000 crore in a comprehensive new energy and new materials ecosystem.

Source: dna January 12, 2026 07:39 UTC