lithium-ion battery plant proposal made by the Telangana State government to compete to establish a globally competitive Li-Ion battery manufacturing facility which has the capacity of 200 acres of land near Hyderabad’s airport and outer ring road.
Telangana made a proposal for 5 GW lithium-ion battery plant
Recently federal government asked States to compete to establish a globally competitive Li-ion battery manufacturing facilities. For the adoption of electric vehicles and renewable energy in India, the central government wants to establish 40 GW of battery manufacturing capacity in States.
Lithium-ion battery plant in Telangana
Telangana chief secretary S.K. Joshi made a proposal for 5 GW lithium battery facility which will have the capacity of 200 acres of land near Hyderabad’s airport and outer ring road. The water and power requirements to be fulfilled by the State government at the concession price.
Five States of India will be chosen to bid for plants
The five States of India will be chosen by the federal government to bid for the plants which will be operational for a domestic and overseas battery manufacturing.
FAME II scheme
The government has set a target to achieve 30% of electric vehicles on road by 2030. The recently, FAME II scheme approved by the PM Narendra Modi for the faster development of Electric Vehicles in India under the FAME’s Phase II program.
Lithium-Ion battery Expensive
As we all know, the electric vehicles are costlier than the IC Engine vehicles because of the expensive batteries used in EVs. The battery is the most expensive component in EVs. It is imported by other countries such as China due to lack of minimum batteries or battery elements available in the country.
Import Lithium-Ion battery or cells for EVs
R&D for developing lithium-ion battery manufacturing plants
While talking about the private sectors, they building the battery packs with Li-ion cells which are imported in China.
BHEL & Australian business Libcoin joint venture
In the steps towards the EV development, we got to see a lot of changes and improvements. One among the progress is the government-owned Bharat Heavy Electricals Limited (BHEL) and Australian business Libcoin’s joint venture to establish a 1 GWh-production-capacity lithium-ion battery plant. To set up in India the plants will be scaled up to 30 GWh.
Double import duty to 10% by 2021
Another step to promote the manufacturing the government doubled the import duty on the lithium-ion cells to 10% from April 2021. The import duty which is 15% is trebling the battery packs manufacture of electric vehicles.
Khanij, Bidesh India Ltd (KABIL) joint venture
One more big step towards e-mobility promotion for the domestic production, India could be set to obtain the lithium reserves overseas within six months through Khanij, Bidesh India Ltd (KABIL) a joint venture of three public-sector mining units recently visited South America’s ‘Lithium Triangle’ of Chile, Argentina, and Bolivia to explore the Lithium.
Apart from Lithium the KABIL will identify, find, obtain, develop and process the cobalt for commercial use.
Hope this manufacturing plant will fulfill all the Lithium-Ion needs that will cater to the use of Lithium-Ion batteries in EVs and we can save a lot of money on import duty.
For any promotions and advertisements on electricvehicles.in, please send an email to firstname.lastname@example.org