Exide Technologies stands as a prominent global provider of stored energy solutions, with expertise spanning advanced battery technologies for diverse applications. Since its founding in 1888 as The Electric Storage Battery Company, Exide has grown into an international leader in energy storage. The company develops and manufactures batteries for automotive, material handling, and industrial energy applications. With approximately 8,000 employees worldwide, Exide maintains a strong presence across North America, Europe, and South Asia, delivering reliable power solutions through continuous innovation and sustainable practices.
Battery Technology
Exide’s technology portfolio encompasses both traditional and modern battery solutions. Their lead-acid batteries serve automotive, heavy-duty truck, agricultural, and marine applications, while also supporting industrial needs such as telecommunications systems and electric utilities. The company has advanced into lithium-ion technology, particularly evident in their Solition Material Handling battery line, which uses lithium iron phosphate chemistry for enhanced safety and performance.
The company’s manufacturing capabilities include specialized processes for both battery types, with facilities designed for optimal production efficiency. Their technical expertise extends to battery management systems and charging solutions, ensuring optimal performance across applications. Exide’s research and development focuses on improving energy density, extending battery life, and reducing environmental impact through advanced materials and manufacturing techniques.
Recent Projects
In early 2024, Exide Industries announced progress on their 12 GWh lithium-ion cell manufacturing facility in Bengaluru, with phase one completion expected by March 2025. The company signed a significant memorandum of understanding with Hyundai Motor Company and Kia Corporation to supply lithium-ion cells and battery packs for electric vehicles in India.
Additionally, Exide Technologies unveiled the Solition Mega Three, a containerized energy storage module with 3.4 MWh capacity, at ees Europe 2024, demonstrating their commitment to large-scale energy storage solutions.
Investors
Exide Industries Limited’s major shareholders include Chloride Eastern Ltd. (45.99%), Kotak Mahindra Asset Management Co. Ltd. (4.538%), Rajan Raheja Group (4.324%), and Norges Bank Investment Management (2.213%). The European operations, Exide Technologies SAS, operates under Energy Technologies Holdings LLC, maintaining private ownership structure since October 2020.
Business Details
Location: Gennevilliers, France (European HQ)
Website: https://exidegroup.com
LinkedIn: https://www.linkedin.com/company/exide-technologies/
