Toshiba, Kerala govt ink deal for making lithium-ion batteries

The Toshiba Group on Thursday signed an Expression of Interest with the Kerala government for technology transfer and manufacturing lithium-ion (Li-ion) batteries for electric vehicles, an announcement by the Chief Minister's Office said here.

The agreement is an outcome of the Japan visit by Chief Minister Pinarayi Vijayan at the head of a high-level state delegation and was signed in Tokyo at the investment seminar organised in the Japanese capital as part of the visit.

Vijayan addressed the Kerala State Investment Promotion Seminar organised with the participation of 150 major Japanese investors at the Indian Embassy, Tokyo.

The Vijayan delegation, which includes two state Ministers and senior bureaucrats, will travel next to South Korea and is expected to return here on December 4.