US-based Li-ion battery firm to invest over Rs 4000 cr in Karnataka

US-based C4V will be investing over Rs 4,000 crore in the electric battery manufacturing sector in Karnataka, Industries Minister Jagadish Shettar said on Thursday.

US-based C4V, a leading company in the lithium-ion cell manufacturing sector, will be investing over Rs 4,000 crore in the electric battery manufacturing sector in Karnataka, Industries Minister Jagadish Shettar said on Thursday. A lithium-ion battery or Li-ion battery is a type of rechargeable battery commonly used for portable electronics and electric vehicles.