What is Altmin's role in India's battery supply chain?

Altmin is a battery materials company establishing India's first lithium refinery and scaling up cathode active material production.

How is India challenging China's battery manufacturing dominance?

India is investing heavily in domestic production of battery components and cells, aiming for self-sufficiency and export opportunities.

What are the key challenges for India's battery manufacturing goals?

Challenges include China's economies of scale, lower production costs, and securing patient capital for long-term R&D.

Home / Business and Economy / India's Battery Race: Localizing Critical Supply Chains

India's Battery Race: Localizing Critical Supply Chains

13 Jan

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Summary

Altmin is scaling up to produce 100,000 tonnes of cathode material in Telangana.
India aims to reduce its reliance on China for critical battery components.
Significant investments are planned for India's battery manufacturing ecosystem.

India's Battery Race: Localizing Critical Supply Chains

India is making significant strides in localizing its battery supply chain, a critical step towards energy security and reducing reliance on China. Altmin, in partnership with ARCI, has successfully scaled up cathode material production and is now planning a 100,000-tonne capacity plant in Telangana, alongside the country's first lithium refinery. This initiative is crucial for building India's domestic electric vehicle and energy storage manufacturing capabilities.

This strategic push involves substantial investments, with planned funding reaching ₹43,300 crore for battery and cell manufacturing. Several companies, including Reliance Industries and Epsilon Advanced Materials, are expanding into anode and cathode production. The aim is to replicate China's dominance by developing a comprehensive ecosystem from upstream mining to downstream battery assembly, thereby creating employment and economic benefits.