Sodium-ion battery

manufacturing plant in India

set up by UK based Faradion

A UK based company Faradion is looking to set up a battery manufacturing plant in India. The manufacturer of sodium-ion cells company will mainly focus on the local market for electric vehicle and mobile devices with its sodium-ion battery technology.

Sodium-ion battery manufacturing plant in India 

The sodium-ion technology offers the same performance replacing the expensive materials such as cobalt and lithium with sodium.

The company has bagged its first order from ICM Australia. It suggested that the sodium-ion battery technology will much revolutionise the automobile and mobility, storage and mobile sectors worldwide than the lithium-ion technology.

company in a statement said “India is one of the largest markets for mobile devices across the world. Recently, the country has also demonstrated significant progress in the adoption of EV (Electric Vehicle) technology, making it a priority market for Faradion.”

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“Faradion is accelerating large scale industrialisation of its safe, low cost, Sodium-ion energy storage technology. After Australia, we foresee India as our next priority big market, given the huge growth in mobile devices and a bigger electric mobility market waiting to grow rapidly,” James Quinn, CEO, Faradion said.

You must be thinking now that why the sodium-ion will revolutionise the EV and other sectors mentioned above. Let me tell you, the Sodium-ion is the cheaper and more reliable battery technology in comparison to lithium-ion technology, which is much popular and most usable battery manufacturing source in China.

The company is very much sure that bringing in sodium-ion batteries instead of lithium-ion will bring the breakthrough in the EV segment in the world as at present the lithium-ion battery cost is much more and we can say high.

Indian Oil partners to build 1 GW EV battery plant

The State-run oil refiner Indian Oil Corporation Ltd has also announced last year that it will set up a 1 Giga Watt (GW) plant to make batteries for the electric vehicles in partnership with an overseas start-up using a non-lithium raw material which is available locally.

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