Electric vehicles batteries are imported in India due to lack of availability of the sources required for battery making. The explorations have been started to set up a facility for assembling lithium-ion battery modules in India by a Japan’s Panasonic Corporation.
li-ion battery module assembly unit set up in India by Panasonic
As the push towards the transition to electric mobility, many major global manufacturers of lithium-ion batteries started exploring and finding opportunities to set up first build assembly units. The manufacturing of lithium-ion cells will be in a large-scale.
li-ion battery module assembly unit
There are some other players such as South Korea’s LG Chem Ltd and Japan’s Toshiba have also joined hands to jointly work for assembling battery packs with Indian companies like Mahindra and Mahindra (M&M) Ltd.
The Indian major battery manufacturers such as Exide Industries Ltd and Amara Raja Batteries Ltd as joint ventures working with foreign companies to start assembling batteries.
In India, almost all the electric vehicles (EVs) batteries are imported from other countries mostly from China. The total cost of a Lithium-ion battery accounts for 40% of the total cost of an EV.
Lithium is not only used in electric vehicles but it is also used in some important things such as mobile phone batteries and solar panels.
Panasonic assembles batteries for two- and three-wheelers
Panasonic will assemble batteries for two- and three-wheelers as the government wants to make a shift towards electrification in two segments first and those are mostly used in India might be other reason, the company has picked the two segments. The company will also invest in the installation of charging stations and telematics platform for electric three-wheelers.
Manish Sharma, president, and chief executive officer (CEO), Panasonic Corp said that the company is yet to finalize its plans, once it decides to assemble modules in India, lithium-ion cells will be imported from factories in Japan or China.
“The logical step that we would take before jumping into manufacturing cells in this country is to look at the module assembly to happen. That consideration is going on about how to assemble the modules in this country. You can’t expect many large factories to come up because it’s a catch twenty-two situation. If it is not a Gigawatt scale, then cost-efficiency will not be enough.”
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