NDTV Profit’s Post

India's EV market is poised for exponential growth, from $3.21 billion in 2022 to $113.99 billion by 2029. The battery market is also set to skyrocket, from $16.77 billion in 2023 to $27.70 billion by 2028. To reduce reliance on imports, India has taken steps like duty-free imports of critical battery metals and lowered duties. Experts call for more incentives, especially for anode, cathode, and electrolyte materials. Localizing 70-80% of battery production can drastically cut import dependency. However, large-scale manufacturing and gaining global trust pose challenges. Collaboration between Indian suppliers and global players can help overcome these hurdles. https://lnkd.in/gQ-fMyet

𝗜𝗠𝗔𝗚𝗜𝗡𝗘 𝗧𝗨𝗥𝗡𝗜𝗡𝗚 𝗧𝗢𝗗𝗔𝗬’𝗦 𝗘-𝗪𝗔𝗦𝗧𝗘 𝗣𝗥𝗢𝗕𝗟𝗘𝗠 𝗜𝗡𝗧𝗢 𝗧𝗢𝗠𝗢𝗥𝗥𝗢𝗪’𝗦 𝗕𝗔𝗧𝗧𝗘𝗥𝗬 𝗦𝗢𝗟𝗨𝗧𝗜𝗢𝗡!  🔄🔋 • Are you aware that India’s booming EV industry currently relies almost 100% on 𝗶𝗺𝗽𝗼𝗿𝘁𝗲𝗱 𝗯𝗮𝘁𝘁𝗲𝗿𝗶𝗲𝘀—mostly from China? 🚚🔋 • By 2030, 𝟭𝟮𝟴 𝗚𝗪𝗵 of used lithium-ion batteries will be up for recycling, with 𝟱𝟵 𝗚𝗪𝗵 coming from EVs alone. • By recycling these retired batteries, we can cut costs, reduce reliance on imports, and boost India’s energy security—all while staying on the fast track to our 𝗡𝗲𝘁 𝗭𝗲𝗿𝗼 𝗴𝗼𝗮𝗹𝘀. 🌱♻️ ♻️ “𝗕𝗟𝗔𝗖𝗞 𝗠𝗔𝗦𝗦” – 𝗧𝗛𝗘 𝗚𝗢𝗟𝗗 𝗠𝗜𝗡𝗘 𝗜𝗡 𝗗𝗘𝗔𝗗 𝗕𝗔𝗧𝗧𝗘𝗥𝗜𝗘𝗦 • Picture this: After a battery’s life cycle ends, it still holds valuable materials like 𝗹𝗶𝘁𝗵𝗶𝘂𝗺, 𝗰𝗼𝗯𝗮𝗹𝘁, 𝗻𝗶𝗰𝗸𝗲𝗹, and 𝗺𝗮𝗻𝗴𝗮𝗻𝗲𝘀𝗲. Together, these make up “black mass”- all rare minerals, that India imports! 🪙 • If we recycle correctly, we can reuse these minerals over and over again— ala giving an old battery a new life. 🌍 𝗖𝗜𝗥𝗖𝗨𝗟𝗔𝗥 𝗘𝗖𝗢𝗡𝗢𝗠𝗬 𝗙𝗢𝗥 𝗔 𝗖𝗟𝗘𝗔𝗡𝗘𝗥 𝗣𝗟𝗔𝗡𝗘𝗧 • Niti Aayog estimates India’s battery potential at a whopping 𝟲𝟬𝟬 𝗚𝗪𝗵 between 𝟮𝟬𝟮𝟮-𝟮𝟬𝟯𝟬. But we need more than potential—we need action. 🔧🔋 • Revamping the 𝗕𝗮𝘁𝘁𝗲𝗿𝘆 𝗪𝗮𝘀𝘁𝗲 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗥𝘂𝗹𝗲𝘀 𝟮𝟬𝟮𝟮 will streamline processes, making recycling cheaper and easier. • From Import Dependency to Energy Independence. 🌍💚 #ElectricVehicles #BatteryRecycling #Sustainability #NetZero #FilterPress #CircularEconomy #GreenIndia

The global transition toward battery electric vehicles (BEVs) faces significant challenges in securing a stable supply of essential raw materials. A new report from McKinsey & Company highlights these challenges as the automotive industry works to meet the growing demand for EVs, with global BEV sales projected to surge toward the end of the decade... Minerals Marketing Corporation Of Zimbabwe - MMCZ Official Association of Mine Managers of Zimbabwe(AMMZ) Association of Mine Surveyors of Zimbabwe (AMSZ)

Monopoly - Dominant seller Monopsony - Dominant buyer China is both in #criticalminerals. Which are critical for the manufacture of devices that are ubiquitous around us. The world and India can counter this dominance by #recycling and #urbanmining. Government, policy, industry should rally around the recycling industry to support them in achieving #criticalmineralmission Attero

India is not yet prepared for the #lithiumionbatteries waste that will be generated by their use in EVs and grid-connected storage applications, which is growing fast. #china dominates the world in manufacturing components for lithium-ion batteries (LIBs): - 51% of global cell manufacturing capacity - 39% of cathode materials - 27% of anode materials - 60% of electrolyte materials India, without its own #manufacturing facilities, relies heavily on imports for its growing LIB market. This dependency exposes India to several risks: - Fluctuating metal prices due to #supplychain disruptions, political instability, and pandemics - The pandemic highlighted the fragility of global supply chains, especially from China, leading to long lead times and increased costs - Recent power cuts in China to balance economic growth and tackle climate change further strained the global supply chain - The Russia-Ukraine war has impacted the supply of key battery metals like nickel and aluminum, driving prices to historic highs However, there's a silver lining. India has an opportunity to mitigate these risks by attracting global and domestic recyclers to set up LIB recycling facilities. Establishing a robust recycling ecosystem can: - Offset the need for importing raw materials - Reduce dependence on volatile international markets - Save foreign exchange - Avoid geopolitical risks India must act swiftly to build this #recycling infrastructure, ensuring a sustainable and secure future for its burgeoning EV and energy storage sectors.

𝐓𝐡𝐞 𝐑𝐨𝐥𝐞 𝐨𝐟 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐂𝐞𝐥𝐥 𝐂𝐡𝐞𝐦𝐢𝐬𝐭𝐫𝐢𝐞𝐬 𝐢𝐧 𝐑𝐞𝐝𝐮𝐜𝐢𝐧𝐠 𝐈𝐧𝐝𝐢𝐚’𝐬 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐈𝐦𝐩𝐨𝐫𝐭 𝐃𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐜𝐲 India’s energy future hinges on its ability to manufacture advanced batteries domestically. Currently, nearly 100% of India’s lithium-ion batteries are imported, but this is set to change. By FY27, import dependency is projected to drop to just 20%, thanks to robust policy frameworks and emerging manufacturing ecosystems. 𝗛𝗲𝗿𝗲'𝘀 𝘄𝗵𝘆 𝗮𝗱𝘃𝗮𝗻𝗰𝗲𝗱 𝗰𝗲𝗹𝗹 𝗰𝗵𝗲𝗺𝗶𝘀𝘁𝗿𝗶𝗲𝘀 𝗺𝗮𝘁𝘁𝗲𝗿: 1️⃣ 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧-𝐋𝐢𝐧𝐤𝐞𝐝 𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞 (𝐏𝐋𝐈) 𝐒𝐜𝐡𝐞𝐦𝐞: India’s government has launched the Advanced Chemistry Cell (ACC) PLI Scheme to incentivize local manufacturing, aiming for 50 GWh of battery production capacity. 2️⃣ 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭: Next-gen cell chemistries like solid-state, lithium iron phosphate (LFP), and sodium-ion batteries promise higher energy density, longer life, and better safety—enabling India to become a global battery manufacturing hub. 3️⃣ 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 & 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬: Localizing battery production will boost job creation, reduce trade deficits, and strengthen India's strategic autonomy in the global supply chain. 4️⃣ 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 & 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 𝐄𝐜𝐨𝐧𝐨𝐦𝐲: Domestic production facilitates battery recycling, reducing raw material dependency and aligning with India's net-zero goals. Countries like #China and South Korea have demonstrated the power of vertical integration, from raw material sourcing to battery manufacturing. India must replicate this to achieve global competitiveness. India’s ambition to lead the energy revolution depends on more than just policy; it demands bold investments, cutting-edge R&D, and public-private partnerships. It’s time to move beyond dependence and embrace energy independence. Let’s power India’s future with locally made, globally competitive battery technologies! #evtechnology #advancechemistrycell #evindustry

𝐓𝐨𝐰𝐚𝐫𝐝𝐬 𝐒𝐞𝐥𝐟-𝐒𝐮𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐄𝐧𝐭𝐫𝐚𝐧𝐭𝐬 𝐂𝐡𝐢𝐩 𝐢𝐧 𝐭𝐡𝐞 𝐋𝐢𝐏𝐅𝟔 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐦𝐢𝐝𝐬𝐭 𝐂𝐡𝐢𝐧𝐞𝐬𝐞 𝐇𝐞𝐠𝐞𝐦𝐨𝐧𝐲 The global electric vehicle (EV) production has seen remarkable growth in recent years. Consequently, this surge has led to a demand explosion for all EV components, including 𝐥𝐢𝐭𝐡𝐢𝐮𝐦 𝐡𝐞𝐱𝐚𝐟𝐥𝐮𝐨𝐫𝐨𝐩𝐡𝐨𝐬𝐩𝐡𝐚𝐭𝐞 (𝐋𝐢𝐏𝐅𝟔), a critical raw material for electrolytes in lithium-ion batteries (LiBs). This demand spurt has prompted several new players to enter the LiPF6 market, even encouraging existing ones to expand their capacities. With China’s dominance in EV and battery materials production, most of these plants are located in the country. Today, China controls around 95% of the global LiPF6 supply, leaving other regions across the world dependent on imports. Global players are now striving for self-sufficiency to reduce this over-reliance. In countries like India, setting up new LiPF6 plants will serve multiple purposes: meeting domestic demand, reducing EV production costs, and unlocking a significant export potential. Entering February 2024, Gujarat Fluorochemicals Limited (GFL) launched its new 𝐋𝐢𝐏𝐅𝟔 plant in India, with plans to supply over 200 GWh annually of EV and storage system battery solutions. New plant efforts in the country are buoyed by governmental schemes like the Production-Linked Incentive (PLI). Such initiatives can also safeguard domestic sales of LiPF6 producers in India, despite China augmenting its domestic & overseas supply. Amidst these developments, a new contender for LiPF6 is around the block: 𝐥𝐢𝐭𝐡𝐢𝐮𝐦 𝐛𝐢𝐬(𝐟𝐥𝐮𝐨𝐫𝐨𝐬𝐮𝐥𝐟𝐨𝐧𝐲𝐥)𝐢𝐦𝐢𝐝𝐞 (𝐋𝐢𝐅𝐒𝐈), offering far better performance in terms of thermal stability. While high application cost is currently the primary hindrance to LiFSI’s widespread adoption, we expect maturing technology to address this bottleneck. Furthermore, the price disparity between LiPF6 and LiFSI is gradually diminishing, with notable players like Tesla already incorporating LiFSI salt into their 4680 batteries. Companies like CATL, Panasonic, and LG Chem are actively engaged in producing these batteries, having inked sourcing agreements with domestic LiFSI manufacturers in China. 𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐲 𝐥𝐚𝐭𝐞𝐬𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐋𝐢𝐏𝐅𝟔 𝐦𝐚𝐫𝐤𝐞𝐭, 𝐜𝐨𝐯𝐞𝐫𝐢𝐧𝐠 𝐬𝐮𝐩𝐩𝐥𝐲 & 𝐝𝐞𝐦𝐚𝐧𝐝 𝐝𝐲𝐧𝐚𝐦𝐢𝐜𝐬, 𝐚𝐧𝐝 𝐰𝐡𝐚𝐭 𝐥𝐢𝐞𝐬 𝐚𝐡𝐞𝐚𝐝: https://lnkd.in/dYMWUYqH Interested to know more about the LiPF6 market? Please don't hesitate to get in touch! For any enquiries, reach out to us at sales@prismaneconsulting.com   #LiPF6 #EV #BatteryMaterials #Sustainability #GFL #GFCL #mobility #automotive #automotiveindustry #BatteryInnovation #ElectricVehicles #demand #capacity #china #india #plischeme #lithiumbattery #lithiumionbattery #electrolytes #electrolyte

The Union Budget 2024 sets the stage for significant future growth with customs duty exemptions for critical materials like lithium, copper, and cobalt. These exemptions are pivotal for local lithium-ion battery manufacturing. This strategic measure will indirectly support the growth of the EV industry in India, fostering innovation and sustainable development. We look forward to a brighter future for Electric Vehicles in Bharat! #UnionBudget2024 #FutureGrowth #EVIndustry #SustainableDevelopment #Innovation #ElectricVehicles #GreenEnergy

Piquantly, though, India has the potential to become a competitive hub for lithium-ion battery manufacturing, particularly for lithium iron phosphate (LFP) cells. Combining Production Linked Incentives (PLI), lower production costs, and import tariffs, Indian-made LFP cells could be up to 50% cheaper than those manufactured in China. This cost advantage is derived from a combination of factors, including up to some $24/kWh in PLI support, which three companies have secured to date. While talking about the cost structure, it is worth nothing that the battery materials, especially the cathode, typically represent the largest cost component in a lithium-ion cell. However, falling lithium prices have shifted the cost structure, making labour, land, and construction more prominent factors in the entire value chain. In India, where these inputs are relatively low-cost, the potential for producing batteries at a competitive rate is high. For instance, LFP cells produced in India can be some $3.5/kWh cheaper than those manufactured in China, and significantly more affordable than cells made in Germany or the US, both of which exceed $60/kWh. The key to achieving this cost efficiency will be scaling up production to multi-gigawatt levels and localising the entire supply chain

Another reason why Indian manufacturing stumbles in comparison with the Chinese. The below example shows that Chinese solar companies get free land, electricity, interest free loan and subsidies covering 35-65% of product costs. The image shows a comparative cost of capital, electricity between India and China and it becomes clear why producing in India is still more expensive as compared to producing in China. Competing with the extensive subsidy regime of China is extremely difficult for India and the rest of the world and therefore going forward we could see full fledged trade wars that could lead to an unstable geopolitical environment.Unless we can match the Chinese in terms of cost of production,any policy will only result in superficial manufacturing where the major inputs are imported from China and final assembly done in India #MakeinIndia #Atmanibharta #tradewars https://mybs.in/2dYBNXZ