South Korea's LG Energy Solution (LGES) is engaging in detailed talks with JSW Energy to create a joint venture for battery manufacturing. 

The proposed partnership involves an equal collaboration where LGES will contribute technological expertise and manufacturing equipment, while JSW Energy will provide financial investment.

The companies are contemplating establishing a manufacturing plant with a total capacity of 10 gigawatt-hours, with JSW expected to utilise approximately 70% of the production for energy storage and electric vehicle applications.

Sources familiar with the discussions, who spoke on condition of anonymity due to the private nature of the negotiations, indicated that the agreement remains non-binding. 

Both companies anticipate finalising the talks in the coming months, with a potential operational timeline targeting completion before the end of 2026.

For LGES, this joint venture represents a strategic expansion in the Indian market. 

The company currently supplies batteries to global automotive manufacturers including Tesla, General Motors, and Hyundai. 

In India, LGES is already a leading battery supplier to electric two-wheeler manufacturers such as Ola Electric and TVS Motor.