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MG Motor, Epsilon partners for EV charging, battery recycling

Thursday, 18 Apr 2024
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MG Motor India has signed a memorandum of understanding (MoU) with Epsilon Group for EV charging solutions and battery recycling. As part of the partnership, the MoU has been inked with two Epsilon Group subsidiaries, Power EV, for charging solutions, and LICO, for battery recycling and second-life expertise.

Under the agreement, Power EV will provide custom charging technology to develop AC and DC charging solutions for MG's electric vehicles (EVs). With its active involvement in the MG charge initiative for 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.

LICO will assist MG Motor in its extended producer responsibility (EPR) obligations by providing battery recycling and certification services. Overall, the strategic alliance will help to realise the vision of establishing an efficient charging infrastructure, and promoting a circular economy by way of second-life and end-of-life solutions for batteries.

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