Reliance Industries Limited (RIL) is planning to start battery packs production by 2023, says Mukesh D. Ambani, Chairman & Managing Director, Reliance Industries Limited (RIL) while speaking at the 45th Annual General Meeting (Post-IPO).

"Our deep understanding and knowledge of Chemistry and Materials will add to our competitive advantage in setting up our world-scale battery manufacturing facility. We aim to start production of battery packs by 2023 and scale up to a fully integrated 5 GWh annual cell to pack manufacturing facility by 2024, and further scale up to 50 GWh annual capacity by 2027," added Ambani.

The company is creating an end-to-end battery ecosystem – from battery materials to cell manufacturing, leading up to packs and Battery Management System (BMS), to deliver safe and reliable batteries with high energy density and fast charging capabilities.

Speaking about the battery ecosystem, Ambani said, "We have formed strategic partnerships with Lithium Werks, Faradion and Ambri, each of them being an industry disruptor with superior chemistry, leading to better performance. And most importantly, with less to nil dependence on noble metals, ensuring supply security."

Lithium Werks provides an integrated portfolio of high performance Lithium Iron Phosphate (LFP) solutions, with a unique history of 30+ years of battery experience and innovation. Faradion, with its globally leading sodium-ion battery chemistry, provides us with a further opportunity to disrupt the battery markets. Ambri is a world leader in long-duration energy storage solutions based on Liquid Metal technology, built for grid applications, and with 20+ years of lifespan with minimal fade.