Bhago Mobility Solutions, the green energy vertical of automotive parts manufacturer Modern Automotive, will invest $16 million in a partnership with Pastiche. They plan to jointly develop solid-state and lithium-ion batteries for electric mobility and energy storage.
Nitin Gupta, chief executive officer and co-founder, Attero Recycling, speaks to pv magazine about the supply chain concerns for lithium battery storage manufacturing in India, current battery recycling scenario and Attero’s capacity.
Although we may have just about commenced our run in the electric vehicle (EV) race, it is critical that we jump-start the pace of adoption by enhancing the overall perception of EVs from a safety and longevity standpoint.
The two nations together supply 96% of India’s lithium-ion cell and battery imports and almost 70% of non-rechargeable lithium products.
The lead-acid battery major will use SVOLT’s technology to manufacture lithium-ion cells in India. It will produce cells across two popular chemistries and three formats out of its proposed multi-gigawatt fab.
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 production-linked incentives scheme for advance-chemistry battery cell manufacturing received an encouraging response with bids received for 2.6 times the 50 GWh manufacturing capacity to be awarded.
The Mukesh Ambani-led diversified business conglomerate has agreed to invest INR 5 lakh crore (US$67.6 billion) in building 100 GW of renewable energy capacity and green hydrogen eco-system in the State. It will also invest INR 60,000 crore (US$8.1 billion) in setting up manufacturing facilities for new and renewable energy equipment including solar modules, electrolyzers, energy-storage batteries, and fuel cells.
The proposed lithium refinery, set up at a cost of INR 2,200 crore (US$296 million), will produce lithium hydroxide—a key component used in the production of cathode materials for lithium-ion batteries.
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.