Pinnacle and China's Phylion open battery assembly plant in Pune

China / Maharashtra - Pinnacle Industries Limited¹ li-ion of Pune, has partnered with Phylion Battery Company Ltd² of Jiangsu, China for the launch of its integrated lithium-ion battery assembly facility in Maharashtra, India.

Phylion Battery began its journey in 2003 and has been on an aggressive expansion spree in the European and Asian markets. The company entered India 4 years ago and says it has now established itself as a leading player for lithium-ion battery cell in the domestic EV market along with a strong focus on aftersales.

As per the strategic understanding Pinnacle Industries plans to roll out battery packs with Phylion cells and SKD kits for light electric vehicles, logistics vehicles, passenger cars, vans, and light commercial vehicles among others from the Pune plant.

Mr. Sudhir Mehta, chairman and MD, Pinnacle Industries Ltd said: “Being one of the long-term players in automotive component manufacturing, we understand the importance and need for organised, integrated, credible and safe EV battery assembly facility in India. There is immense market potential and dire need to localise manufacturing of EV batteries, to bring down the vehicle cost and make EV’s more viable, benefit the small OEMs to get localised products for low speed vehicles and other applications, and improve the after sales service. We look forward to address the existing industry gaps with our association with Phylion and government’s impetus on electrification of vehicles through its various policies.”

Mr. Andrew LEE, vice-president, Phylion Battery Company Ltd said: “We are elated to partner with Pinnacle Industries, to cater to the expanding Indian EV market. Our strategy is to use our 16 years market approved lithium-ion cells to help Pinnacle to develop batteries with optimised cost and performance for Indian temperatures. We have been committed towards providing high quality and safe products and we look forward to scaling up the renewable manufacturing in India.”

¹Pinnacle Industries Limited was set up in 1996 in Pithampur, near city of Indore in Madhya Pradesh (INDIA). Over the last several years Pinnacle has continuously invested in and expanded its technology partnerships, manufacturing systems, product range and clientele to emerge as India's largest commercial vehicle, bus seating and Interiors Company. With a diversified group of companies in seating & interiors, specialty vehicles, irrigation, retail store solutions, financial services & engineering services, Pinnacle directly impact the top and bottom line of businesses in India and around the world.

²Founded in 2003, Phylion Battery Co., Ltd. is now an industrial leader specializing in the R&D, production and service support of power lithium-ion batteries. With the self-developed lithium-ion prismatic cell, Phylion is committed to offering safe, reliable and cost-effective products applied in EV/HEV, Light EV, Energy Storage, etc., also provides complete solution in area of equipment selection, optimum manufacturing layout, installation, operation and maintenance. Phylion has accumulated profound market experience with more than 16 years in China, 10 years in Europe and 4 years in India and takes pride on the manufacturing of 10th million battery packs from assembly line in 2019. Phylion constant emphasis on new technology and innovation to match new model requirements. It will expand a broader market besides China, Europe and India to contribute to the global e-mobility.