loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

In a press release, Exide Industries announced that it has entered into a long-term strategic cooperation agreement with Germany-based ExCom Energy Solutions

ICICIdirect Research 17 Sep 2026 DISCLAIMER

News: In a press release, Exide Industries announced that it has entered into a long-term strategic cooperation agreement with Germany-based ExCom Energy Solutions GmbH to jointly develop the industrial battery and energy-storage market across the European Economic Area (EEA). The partnership, signed on 15 September 2026, will initially focus on traction and motive-power batteries for material-handling, logistics and industrial mobility applications, along with stationary battery systems for industrial, infrastructure and energy-storage use. ExCom will serve as the commercial and technical interface in the region, supporting customer development, distribution, project support and after-sales activities.

View: We view the partnership as a strategic step toward expanding Exide India's industrial battery business beyond India, leveraging ExCom's European customer access and application-engineering capabilities alongside Exide's manufacturing scale and technology portfolio. The initial focus will be on traction batteries and stationary storage which provides Exide with exposure to European industrial electrification and energy-storage demand. In Indian business front, On the Li-On project, the company shared revenue from the new plant is expected to start during FY27. On the positive side the first NMC (Nickel Manganese Cobalt) cylindrical line commenced customer sample deliveries during Q1 FY27, while the LFP (Lithium Iron Phosphate) prismatic line has also recently commenced sample supplies for 3-wheeler and telecom applications

Impact: Positive

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere