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India's new energy invests in the construction of a lithium battery plant

2021-08-12

CTECHi

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Andhra Pradesh, India, signed two memorandums of understanding worth 3400 crore rupees (approximately 3.26 billion yuan) on lithium batteries and battery manufacturing projects. Based on the strong demand for electric vehicles, India, a populous country, has also begun to deploy explosively in the field of lithium batteries. According to foreign media reports, a few days ago, Andhra Pradesh Economic Development Agency (Andhra Pradesh) signed two memorandums of understanding worth 3400 crore rupees (approximately 3.26 billion yuan) on lithium-ion batteries and battery manufacturing projects. 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; Delhi-based startup Avanze Inventive also proposes to invest 1.724 billion yuan to build a lithium battery in Sri Lanka. Battery factory. Founded in 2017, AvanzeInventive is mainly engaged in the design, manufacturing, testing and assembly of rechargeable battery business. In addition, UrjaGlobal 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 training in the state). TecenBatteries and TritonSolar are one of the companies that started production of lithium batteries in the Indian state of Andara. TecenBatteries, a subsidiary of Tecen Corporation of the United States, will build a 200MW lithium iron phosphate battery factory with 427 million yuan, and its competitor Triton will invest 696 million yuan to build a polymer lithium battery factory based on nanotechnology. 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. reached an agreement with the Indian government, heavy industry sector and public enterprise sector to establish 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 layout of the current mainstream lithium batteries is necessary for its population growth and environmental issues. AADeshpandey, 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 field of electric vehicles 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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