EV batteries

The partnership with Exide Energy enables Hyundai Motor and Kia to equip their future electric vehicles (EVs) in the Indian market with locally produced lithium-iron-phosphate (LFP) batteries.

Electric vehicle (EV) battery manufacturing, battery safety, and recycling along with EV charging and battery swapping are the key areas of discussion at the Bharat Mobility Global expo, scheduled from Feb. 1 –3, 2024, in New Delhi.

US-based Acculon Energy has announced series production of its sodium-ion battery modules and packs for mobility and stationary energy storage applications. Scaled production of 2 GWh is scheduled to start in mid-2024.

Hindalco will invest INR 800 crore to build a new battery foil manufacturing plant near Sambalpur in Odisha. The facility will initially produce 25,000 tonnes of the foils for Lithium-ion and Sodium-ion battery cells.

Reliance Industries recently showcased its swappable LFP batteries for electric two-wheelers. The batteries can be charged through grid or solar power and used to run home appliances by pairing them with an inverter. 

The global sodium-ion battery market will grow at 16.2% annually to touch $2.6 billion by 2028. Major drivers include an increasing demand for these batteries as a lithium battery replacement for renewable energy storage and the growing trend towards low-speed electric cars.

The Bengaluru-based startup has developed a cell-agnostic platform that purportedly allows 100% fire safety, 20-minute fast charging, and 120% improvement in battery life. 

The Mumbai-headquartered lithium battery manufacturer plans working capital finance of INR 35 crore and equity investment of INR 15 crore to increase production capacity and fulfil orders from large OEMs.

The New Delhi-based solar and EV charger manufacturer has formed a new arm, Techbec Industries, to manufacture lithium batteries for electric vehicles (EVs) and solar energy storage applications. 

India will see a cumulative demand for around 600 GWh of lithium-ion batteries from 2021 to 2030 across all segments. The recycling volume coming from the deployment of these batteries will be 125 GWh by 2030.