Multiple firms get into Li-ion cell production amid rising demand
New Delhi: Multiple companies are setting up lithium-ion cell manufacturing plants to cater to high demand from contract manufacturers who assemble consumer electronics products such as smartphones, laptops, wearables and more.
Chennai-based lithium-ion (Li-ion) cell manufacturer Munoth Industries has entered into a joint-venture agreement with China-based Zhuhai CosMX Battery, which supplies batteries for Apple iPhones, executives familiar with the matter said.
