+
Foxconn likely to open second-largest battery plant in Tamil Nadu
POWER & RENEWABLE ENERGY

Foxconn likely to open second-largest battery plant in Tamil Nadu

Foxconn, India’s leading contract manufacturer, is expected to establish the world’s second-largest Battery Energy Storage System (BESS) in Tamil Nadu. The state government has reportedly offered 200 acres of land near Manalur in the Tiruvallur district, approximately 50 kilometers from Chennai, along with an incentive package to support the project. Negotiations are said to be in their final stages, aligning with Foxconn Chairman Young Liu’s discussions during his recent visit to India.

The Tamil Nadu government has proposed a strategic site and incentive package to encourage Foxconn’s investment. Chairman Liu, who visited India in August 2024, highlighted the company’s plans to expand operations beyond smartphones, focusing on electric vehicles (EVs), energy, and digital health.

“Battery energy storage is a key component of our EV strategy,” Liu stated during his visit, emphasizing Foxconn’s commitment to its ‘3+3 Future Industry’ initiative. This strategy targets three core industries — EVs, digital health, and robotics — which collectively represent a $1.4 trillion market with an annual growth rate exceeding 20%.

Foxconn’s efforts in BESS are primarily geared toward supporting the EV market. During the company’s Q3 earnings call on November 14, Liu announced nearing completion of its first battery storage unit in Taiwan, though mass production has been delayed to early 2025 due to typhoon disruptions.

By choosing Tamil Nadu for its second-largest BESS facility, Foxconn aims to leverage India’s growing EV market while strengthening its presence in the energy sector. The potential project signifies a crucial step in diversifying Foxconn’s portfolio and advancing its role in next-generation industries.

(Business Standard)

Foxconn, India’s leading contract manufacturer, is expected to establish the world’s second-largest Battery Energy Storage System (BESS) in Tamil Nadu. The state government has reportedly offered 200 acres of land near Manalur in the Tiruvallur district, approximately 50 kilometers from Chennai, along with an incentive package to support the project. Negotiations are said to be in their final stages, aligning with Foxconn Chairman Young Liu’s discussions during his recent visit to India. The Tamil Nadu government has proposed a strategic site and incentive package to encourage Foxconn’s investment. Chairman Liu, who visited India in August 2024, highlighted the company’s plans to expand operations beyond smartphones, focusing on electric vehicles (EVs), energy, and digital health. “Battery energy storage is a key component of our EV strategy,” Liu stated during his visit, emphasizing Foxconn’s commitment to its ‘3+3 Future Industry’ initiative. This strategy targets three core industries — EVs, digital health, and robotics — which collectively represent a $1.4 trillion market with an annual growth rate exceeding 20%. Foxconn’s efforts in BESS are primarily geared toward supporting the EV market. During the company’s Q3 earnings call on November 14, Liu announced nearing completion of its first battery storage unit in Taiwan, though mass production has been delayed to early 2025 due to typhoon disruptions. By choosing Tamil Nadu for its second-largest BESS facility, Foxconn aims to leverage India’s growing EV market while strengthening its presence in the energy sector. The potential project signifies a crucial step in diversifying Foxconn’s portfolio and advancing its role in next-generation industries. (Business Standard)

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?