MG Motor Partners with Epsilon for EV Charging & Battery Recycling

By By Rediff Money Desk, NEWDELHI
Apr 18, 2024 11:53
MG Motor India has partnered with Epsilon Group for EV charging solutions and battery recycling, aiming to bolster charging infrastructure and fulfill EPR obligations.
New Delhi, Apr 18 (PTI) MG Motor India on Thursday said it has partnered with the Epsilon Group for EV charging solutions and battery recycling.

As part of the collaboration, the automaker has signed an MoU with two Epsilon Group subsidiaries - Power EV, for charging solutions and LICO, for battery recycling and second-life expertise.

As per the agreement, Power EV will provide Custom Charging technology to develop AC and DC charging solutions for charging solutions for MG's EVs.

Through active involvement in the MG charge initiative – deploying 1,000 charging points in 1,000 days within residential communities and apartments across India – Power EV aims to bolster the existing public charging network by expanding the availability of AC chargers and introducing high-capacity DC charging options, MG Motor India said in a statement.

LICO will assist MG Motor India in its Extended Producer Responsibility (EPR) obligations by providing comprehensive battery recycling and certification services, it added.

"Our collaboration with the Epsilon Group signifies a strategic alliance aimed at realising this vision through an efficient charging infrastructure which aids and complements a circular economy by way of second-life and end-of-life solutions for batteries," MG Motor India Chief Growth Officer Gaurav Gupta said.
Read More On:
mg motorepsilon groupev chargingbattery recyclingelectric vehiclescharging infrastructureeprpower evlicoindia
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Marico Q4 FY25: Volume Uptick, Revenue Growth,...

Marico reports sequential volume growth in Q4 FY25, driven by improved market share....

Ola Electric Offers Same-Day Vehicle...

Ola Electric launches 'HyperDelivery' in Bangalore, offering same-day registration and...

Mizoram's Financial Position Improves: CM

Mizoram's financial position has improved significantly due to austerity measures...

Tonbo Imaging Raises Rs 175 cr in Pre-IPO Funding

Defence tech startup Tonbo Imaging secures Rs 175 crore in pre-IPO funding from...

Dusit International Expands in India with 10...

Dusit International plans to open 10 new hotels in India, including luxury and midscale...

US Tariffs Impact on Indian IT Services:...

US tariffs raise concerns for Indian IT services, potentially impacting demand and...

Tonbo Imaging Raises Rs 175 Cr in Pre-IPO Round

Tonbo Imaging, a defense tech startup, secures Rs 175 crore in Series D pre-IPO funding...

BMW, Mercedes-Benz Urge Free Trade in India

BMW and Mercedes-Benz India call for free trade agreements with lower tariffs and...

US Tariffs Won't Impact Indian Auto Industry: SIAM

SIAM says the US's reciprocal tariffs won't significantly impact the Indian auto...

Guwahati Ring Road: NHAI to Develop 121 km...

NHAI will develop a 121 km Guwahati Ring Road on build-operate-toll mode for Rs 5,729...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com