S-based C4V, a leading company in the lithium-ion cell manufacturing sector, is willing to invest over Rs 4,000 crore in the state in the electric battery manufacturing sector, Karnataka Medium and Large Industries Minister Jagadish Shettar said.
A lithium-ion battery orLi-ionbattery is a type of rechargeable battery commonly used for portable electronics and electric vehicles.
An agreement with representatives of the world’s leading Li-Ion cell manufacturing company was signed in the city, the Minister said in a statement.
He
added that the C4V is a leading company with over a hundred patents and lithium battery cell manufacturing and technology.The company’s of Rs 4,015 crore in the state will create more than 4,000 jobs, Shettar said.
The company will set up a 5 Gigawatt
hours (GWh ) plant in the state and will begin work next year, he explained.