Log9 Materials is venturing into local cell manufacturing as India relies heavily on imports for EV batteries and cells
One of the biggest challenges in the way of India becoming self-reliant in electric vehicles (EV) is the import of lithium-ion cells that are used to make up the batteries that go into EVs as well as static energy storage solutions.
Currently, 100 percent of cells that go into modern EV batteries in India are imported. China dominates the production and supply of these cells and batteries, while Japan and South Korea are also large producers. India has no cell manufacturing capacity and even imports a large proportion of the batteries for its growing EV industry.
(This story appears in the 15 July, 2022 issue of Forbes India. To visit our Archives, click here.)