Naxion Energy, a sodium-ion battery company, plans to invest Rs 200 crore by the end of December 2026 to enhance its manufacturing capabilities, including establishing a new facility here.
The company also plans to expand its workforce by 50 per cent as part of this initiative.
Headquartered in Hyderabad, Naxion Energy has a manufacturing facility in Coimbatore and develops high-performance sodium-ion battery packs for mobility and energy storage applications.
As part of its India-wide expansion, the company is setting up a new manufacturing plant in Hyderabad, which is expected to be operational next year, to meet growing demand from OEMs and enterprise customers, Naxion Energy India CEO Abishek Reddy told reporters on Thursday.
“Our plans include setting up both an assembly plant and a cell manufacturing facility in Hyderabad, which will be Naxion Energy’s second manufacturing plant,” he said.
Earlier in the day, Naxion Energy announced the launch of its sodium-ion-based energyNaxion Energy, a sodium-ion battery company, plans to invest Rs 200 crore by the end of December 2026 to enhance its manufacturing capabilities, including establishing a new facility here.
The company also plans to expand its workforce by 50 per cent as part of this initiative.
Headquartered in Hyderabad, Naxion Energy has a manufacturing facility in Coimbatore and develops high-performance sodium-ion battery packs for mobility and energy storage applications.
As part of its India-wide expansion, the company is setting up a new manufacturing plant in Hyderabad, which is expected to be operational next year, to meet growing demand from OEMs and enterprise customers, Naxion Energy India CEO Abishek Reddy told reporters on Thursday.
“Our plans include setting up both an assembly plant and a cell manufacturing facility in Hyderabad, which will be Naxion Energy’s second manufacturing plant,” he said.
Earlier in the day, Naxion Energy announced the launch of its sodium-ion-based energy Latest News [ SOBAN NEWS: International and National ]