The US-headquartered company has registered its Indian arm by the name of Triton Electric Vehicles India in New Delhi as it plans to capture the nation’s growing EV market. It is also in discussion with a few states to set up a factory.
The Telangana-headquartered lithium-iron-phosphate (LFP) battery manufacturer has teamed up with Las Vegas-headquartered Barrel Energy to develop and manufacture lithium batteries for electric vehicles. The joint venture will establish factories in India and North America.
The energy storage system arm of Waaree Group has designed and developed Lithium batteries to power ACE Ltd’s electric forklifts running at Chennai airport.
A new report by government thinktank NITI Aayog and Rocky Mountain Institute (RMI) identifies financing as one of the hurdles for India’s electric mobility transition. It proposes solutions to lower the cost and increase finance for electric vehicles in the nation.
The Mumbai-based battery startup develops advanced nano-material composites to enable quick-charging batteries for electric vehicle (EV), industrial storage, and consumer electronics space.
A new report says that the nation would require an estimated annual battery capacity of 158 GWh to realize its 2030 electric vehicle (EV) adoption target. Meeting this potential demand would require investments exceeding INR 85,900 crore (US$ 12.3 billion) in case battery manufacturing is 100% indigenized.
The lithium battery assembly facility at Okhla, New Delhi, would initially produce batteries for energy storage in residential, commercial and industrial sectors, and for electric mobility applications. The plan is to eventually cater to critical applications like telecom and healthcare as well.
The selected party will provide funding support of Rs 4 crore by way of design and development of machinery for lithium- and sodium-ion battery cell manufacturing. September 30 is the deadline to submit the interest.
The industry needs to cut a dependence on electric vehicle battery imports from China, according to the road transport minister, who said the government is looking to support research into alternatives to lithium-ion technology.
Electric vehicles can transition from liabilities to assets if steps are taken by battery manufacturers, the auto industry, and policymakers, argues Milan Rosina, a principal analyst in the power electronics and batteries division of Yole Développement.
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