EV batteries

The annual demand for lithium-ion batteries in India will reach 116 GWh in FY 2029-30, with electric vehicles (EVs) accounting for 90%.

The lead-acid battery major, which is into lithium battery assembly in a joint venture with Swiss firm Leclanche, will set up a multi-gigawatt lithium-ion cell manufacturing plant as it strives to become more cost-competitive and better serve its customers.

The Mumbai-headquartered natural resources company has acquired Goa-based Nicomet, a producer of cobalt, nickel, and their derivates in India, as it looks to capitalize on the electric vehicles and energy storage boom.

The R&D center under the Department of Science and Technology has indigenously developed lithium battery cells and packs for application in two-wheelers and solar street lamps.

The company has signed a memorandum of understanding with the state government to invest INR 1,200 crore for the design, development and manufacturing of new products and capacity expansion in the electric vehicles space.

Noida-headquartered Lohum plans to expand its integrated lithium-ion battery manufacturing and recycling facility in India to 3 GWh and expand into the US with its first facility. Co-founder Justin Lemmon speaks to pv magazine about how their operations in India will solve the battery supply chain and cost challenge for the nation’s electric mobility and renewable energy ambitions.

Parity in the total cost of ownership already exists for electric two-wheelers and three-wheelers (with subsidy) vis-à-vis their internal combustion engine counterparts. Policy impetus, coupled with the production-linked incentive (PLI) scheme for batteries and auto components (exclusively covering EVs), is likely to further reduce costs and accelerate the transition to electric vehicles (EVs). The transition will also open up the market for new-age companies and innovators across the value chain.

The New York-headquartered technology provider will supply over 1.16 gigawatt-hours (GWh) of its lithium-ion battery cells to power India-based Omega Seiki’s lineup of electric vehicles. The cells, assembled into batteries, will be delivered over the next five years.

Eight key developments are accelerating the advancement of electric vehicles. These range from the improvements in cost and performance of electric vehicle (EV) batteries to hydrogen-powered vehicles.

Hyderabad-based Allox Minerals looks forward to scaling up lithium titanate (LTO) anode and lithium ferrophosphate (LFP) cathode material production for electric vehicle batteries as the demand arises. It produces these materials using the economical method developed by International Advanced Research Centre for Powder Metallurgy & New Materials (ARCI). The company is also keen on forward integration up to battery assembly.