In a latest development, Foxconn, India’s largest contract manufacturer is planning to establish the world’s second-largest Battery Energy Storage System (BESS) in Tamil Nadu.
Foxconn Likely to Open Second-largest Battery Plant in Tamil Nadu
It appears that the Tamil Nadu government has proposed offering 200 acres of land for the project as part of its engagement with the company, as per the media report.
“The Tamil Nadu government has also given Foxconn an incentive package,” said the officials known to the development.
Further adding, “Foxconn is yet to finalise but the talks are in the final stages and Foxconn is likely to go ahead with the project at the identified land in Tamil Nadu, in line with what was mentioned by Chairman Young Liu on his India visit.”
In this regard, the Tamil Nadu government has approached the company with a proposal to offer 200 acres of land for the plant and incentives as talks reach final stages.
They have proposed land to the Foxconn near Manalur in Tiruvallur district, about 50 km north Chennai.
Focusing On Electric Vehicles (EVs), Energy and Digital Health
Young Liu earlier visited India during August 2024 and discussed Foxconn’s plans to expand its operations in the country beyond smartphones.
He has directed the company’s focus on sectors such as electric vehicles (EVs), energy, and digital health.
Moving ahead, Liu emphasised Foxconn’s interest in batteries as part of its broader EV strategy.
He noted, “We are eager to bring our 3+3 future industry initiative to India,” during his last visit to India.
Further adding that he had been in talks with the Minister for Industries in Tamil Nadu about potential collaboration on Battery Energy Storage Systems (BESS).
Foxconn has identified three key industries including electric vehicles, digital health, and robotics — each offering substantial growth potential under its ‘3+3 strategy.
Presently, these sectors represent a market valued at $1.4 trillion, with a projected compound annual growth rate exceeding 20 percent.
Primarily, Foxconn’s battery storage efforts are geared toward the electric vehicle market.
In this regard, Chairman Young Liu provided an update on the first battery energy storage system (BESS) unit in Taiwan, on November 14.
Liu said, “We are nearing the completion of our manufacturing plant for battery and energy storage,” during the investor conference call for the company’s third-quarter results.
Adding, “However, due to the impact of several typhoons this year, we expect that official mass production will be delayed until the first quarter of next year.”
