JLNPhenix Energy, a subsidiary of Singapore-based CLN Energy, plans to enter into the manufacturing of Electric Vehicle (EV) powertrain components at its third manufacturing unit at Hyderabad.
The company will invest INR 200 crore to manufacture components such as hub-motors, mid-drive motors, motor controllers, DC-DC converters, wiring harnesses, and vehicle display units. The company already has two lithium-ion battery manufacturing plants in Noida and Pune.
Sunil Gandhi, CEO, JLNPhenix Energy, said, “Hyderabad manufacturing plant marks the dawn of a new era for JLNPhenix Energy as we gear up to introduce new products and features and integration of EV batteries and powertrain components for the EV industry.”
Last year, the company clocked a revenue of INR 122 crore. It claims to have major EV OEMs as its clients.
Gandhi added, “Acting on our mission to provide adequate support and deliver on the Atmanirbhar & Green Energy Initiative in India, we are also coming up with new business-use cases and innovations to support the changing needs of brands.”
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