India invests 3.26 billion to build a lithium battery factory

by:CTECHi     2021-08-12

Based on the strong demand for electric vehicles, India, a populous country, has also begun to explode in the field of lithium batteries.

According to foreign media reports, a few days ago, India’s Andhra Pradesh Economic Development Agency (Andhra Pradesh) signed two projects worth 3400 thousand for lithium-ion batteries and battery manufacturing. Ten thousand rupees (about 3.26 billion yuan) memorandum of understanding.

The two investment contracts come from: Singapore-based Ojovati will build a lithium battery factory in Sri Lanka, with an investment of 1.532 billion yuan; a venture headquartered in Delhi The company Avanze Inventive also proposed to invest 1.724 billion yuan to build a lithium battery factory in Sri Lanka. Founded in 2017, Avanze Inventive is mainly engaged in the design, manufacturing, testing and assembly of rechargeable battery business.

In addition, Urja Global in New Delhi has also signed a memorandum of understanding with the Andara State government to invest 190 million yuan to develop an integrated factory for electric vehicles and lithium-ion batteries (including the State provides training).

Tecchren Batteries and Triton Solar are one of the companies that started production of lithium batteries in the Indian state of Andara.

Tecchren Batteries, a subsidiary of Tecchren Corporation in the United States, will build a 200MW lithium iron phosphate battery plant with 427 million yuan, and its competitor Triton will invest 696 million yuan to build a nanotechnology-based The polymer lithium battery factory. The latter's goal is to reach an annual production capacity of 200MW.

In January, India’s LIBCOIN consortium, Magnes Energy Technology Co., Ltd., and Bharat Heavy Electric Co., Ltd. of India reached an agreement with the Indian government, heavy industry sector and public enterprise sector. Will build India's first lithium-ion battery super factory. The target production capacity will be increased from the initial 1GWh to the final 30GWh.

India's large-scale deployment of current mainstream lithium batteries is necessary for its population growth and environmental issues. AA Deshpandey, deputy director of the Automotive Research Association of India (ARAI), believes that the country is currently deploying a large number of lithium-ion batteries, and lithium-ion batteries will continue to dominate the electric vehicle field in India. Secondly, in the next few years. Among all the existing lithium-related technologies in the country, lithium iron phosphate batteries are the most suitable for Indian climatic conditions.

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