The Kerala Government has announced that it has signed an Expression of Interest with Toshiba for the technology transfer and manufacturing of lithium-ion (Li-ion) batteries for electric vehicles.
The agreement is a result of the Japan visit by Chief Minister Pinarayi Vijayan at the head of a high-level state delegation and was signed in Tokyo at the investment seminar organized in the Japanese capital as part of the visit.
Vijayan addressed the Kerala State Investment Promotion Seminar organized with the participation of 150 major Japanese investors at the Indian Embassy, Tokyo. The Vijayan delegation, which includes two state Ministers and senior bureaucrats, will travel next to South Korea and is expected to return here on December 4, 2019.
In April, it was conveyed that India after signing a Memorandum of Understanding (MoU) with Bolivia, has leveraged its way into the lithium reserves of the South American nation for exploration and extraction of lithium, a prime constituent used to power electric vehicles.
In a shared statement, delivered after talks between President Ram Nath Kovind and his Bolivian counterpart Evo Morales Ayma, both the countries “Agreed to forge a mutually beneficial partnership to facilitate Bolivian supplies of lithium Carbonate to India and foster joint ventures for lithium battery/cell production plants in India.”
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