An Indian clean energy firm hopes to bring down the cost of lithium-ion cell manufacturing below INR15,000/kWh (US$222) by setting up a facility in the southern state of Tamil Nadu.

There will be no benefit to basing home energy storage systems on automotive batteries, in the medium or long term, a representative of Mercedes-Benz Energy has said.

After reports that it will build facilities to rival the capacity of Tesla’s ‘Gigafactory’, Chinese battery and EV-maker BYD (‘Build Your Dreams’) faces a similarly ambitious task to scale up demand, an analyst has told PV Tech Storage.