[India Oil and Panasonic Energy sign lithium battery production agreement]
India's largest oil refining company, Indian Oil Corporation, recently announced in a statement that they have reached an agreement with Panasonic Energy to establish a joint venture to produce lithium-ion batteries in India, in preparation for meeting the growing demand locally. The two companies are conducting feasibility studies on utilizing battery technology to facilitate India's transition to clean energy, with the goal of "finalizing collaboration details before the end of this summer.
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