Mercury Ev-Tech Ltd — Updates, 15-04-2025: Company Update

Mercury EV-Tech Limited, through its subsidiary PowerMetz Energy Pvt. Ltd., has commissioned a 3.2 GW lithium-ion battery manufacturing facility in Vadodara. This facility is positioned to extend beyond typical battery production, featuring multi-chemistry capabilities to support electric mobility and stationary energy storage applications. The advanced manufacturing line, set to begin pilot production in mid-May, aligns with India's push for energy independence and comes amidst rising demand for energy storage solutions. This strategic move enhances Mercury's position as a key player in India's clean-tech landscape, potentially fostering investor optimism over long-term growth and innovation opportunities in the energy sector.