LOHUM, producer of conventional nickel manganese cobalt (NMC) cathode active materials, is planning to expand its recycling capacity from five GWh to thirty GWh over the next three years with an investment of ₹1,200 crore.
Rajat Verma, Founder and CEO of LOHUM, announced the expansion following a Memorandum of Understanding (MoU) with the government of Tamil Nadu to create an integrated facility for recycling and cathode active material production.
The significant investment is intended to enhance the company’s current capabilities and advance related technologies. In addition to their current operations, LOHUM is leading the development of the next-generation lithium manganese iron phosphate (LMFP) battery chemistry, known for its improved safety and cost-effective extension of electric vehicle ranges.
The expansion plan also includes the construction of a new cathode active materials (CAM) plant in Hyderabad, focusing on the innovative LMFP cathode technology, marking a first in India.
As reported by ETEnegyworld.com, the initiative aims not only to increase LOHUM’s production capacity, but also to strengthen India’s lithium-ion battery supply chain, utilizing the country’s abundant manganese reserves to bolster energy security.
