May 23, 2024

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India’s first Li-ion battery manufacturing unit to set up in Karnataka

India's first Li-ion battery manufacturing unit

India’s first Li-ion battery manufacturing unit to set up in Karnataka

A Mumbai based Epsilon Carbon, a coal tar derivatives company announced that it has commissioned India’s first manufacturing facility in Karnataka to produce graphite anode materials for lithium-ion batteries (LiB). India’s first Li-ion battery manufacturing unit will produce 50,000 tonnes per annum by 2025.

India’s first Li-ion battery manufacturing unit

The company said that it has planned to invest Rs 500 crore in the next five years in the facility that will produce 5,000 tonnes of anode material annually. It plans by 2021 this will be tripled to 15,000 tonnes and to 50,000 tonnes per annum by 2025.

Vikram Handa, managing director of Epsilon Carbon said that “The COVID-19 pandemic has brought to the forefront the importance of a self-reliant nation. As India pushes an aggressive electric vehicle policy, our manufacturing leadership in graphite anodes will make India self-sufficient for a key raw material for LiB cells.”

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As per the company press release, the graphite anodes consist of 25 per cent volume in Li-ion battery cells and are the highest single material component in a cell’s chemistry. 80 per cent of the global demand for graphite anodes is supplied by China until now.

The company said that the battery materials business will be covered under a new subsidiary, Epsilon Advanced Materials will become a preferred supplier of synthetic graphite material to cell manufacturers and energy storage device companies across the globe. To improve the quality of the material in coming days, it has also set up a target-oriented research and development laboratory.

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