How to Start a Business of Lithium-Ion Battery (Battery Assembly)?
Manufacturing lithium-ion batteries is one of the world's fastest-growing industries. Consumers used batteries for laptops, phones, and other electronic devices a decade ago. Now, these energy storage systems are being used to power automobiles, medical equipment, and even homes. Starting a small battery factory is an excellent way to stay on par with the innovative technology, but don't expect it to be simple.
India will need at least 10 GWh of Li-ion cells in 2022, with 60 GWh needed by 2025 and 120 GWh needed by 2030.
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Lithium-Ion Facts?
Lithium-ion cells are currently imported from China or Taiwan and assembled into batteries in India. Now that the government is planning to promote electric vehicle, these imports will be costly to the economy.?
In the Karnataka district of Mandya, India discovered 1600 tonnes of lithium. Lithium has become a desirable commodity due to its use in electric vehicle batteries, which is projected to transform India's transportation business.?
By 2030, India anticipates electric cars to account for 30% of auto sales and renewable energy to account for 50% of its energy needs. Furthermore, the government plans to stimulate local lithium ion battery production by granting FAME incentives based on battery chemistry and raising import levies. Local Lithium-ion battery production is expected to lower the cost of electric vehicles soon.
This means entrepreneurs have great potential to start their lithium-ion battery businesses. NPCS has prepared a whole layout for start-ups that’re planning for a lithium ion battery assembly plant in India. The whole process may seem simple, but it has its requirements.?
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Starting of Lithium-ion Business
1.??Know What To Manufacture
Batteries are an important part of the transition to a more renewable future. This business is being fuelled by the increased popularity of green energy solutions such as electric cars and Solar panels installations. China manufactures more than 80% of the world's lithium-ion batteries. Over the next few years, the European Union intends to invest billions in this technology. American businesses, particularly start-ups, are experimenting with new battery technologies and business strategies.
Before deciding on a company model, be sure you understand how batteries are made. Determine if you want to make primary or secondary batteries, the sorts of electrochemical cells you'll use, and the equipment you'll need.?
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Anode, Cathode, separator, electrolyte, and current collectors make up a lithium battery. When the battery is charging, the positive electrode releases part of its lithium ions, which go to the negative electrode via the electrolyte. This energy is captured and stored by the battery. Lithium ions travel about, creating free electrons and a charge that passes to the gadget being powered.
A small factory can either produce specific components or sell them to larger manufacturers, or it can construct the entire system. The latter approach necessitates a higher initial expenditure as well as a more complex technology. Fixed batteries, in-vehicle batteries, and batteries used in consumer devices all have different business strategies and production procedures.
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2.??Finances (Cost Involved in Manufacturing)
Lithium batteries are expensive, and you should be aware of this when shopping for them. As a result, the profit margin is quite important. Before selecting how much profit you want, you must consider several things.
Factors such as the type of client with whom you are working. Are the people to whom you're selling lithium batteries direct users or not? Aside from that, what is the distance between your warehouse and the client? How long must the inventory be held or stored before it is exported to the client?
After you've selected which market segment to enter, you'll need to conduct a cost study.
·????????Manufacturers' prices for batteries
·????????Battery packing costs
·????????Transportation costs
·????????Installation costs for a battery
Things to be aware of:
·????????Lithium batteries are subject to the GST.
·????????Lithium batteries are eligible for state and federal government subsidies.
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Fact:?
According to NPCS calculations, the cost of a battery would be competitive with worldwide costs if a 50 GWh plant were built in India. Such a facility will cost roughly INR 30,000 crore to build (USD 4.6 billion). A facility of this size would take roughly three years to construct.
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3.??Legal Aspects?
Any licences, permissions, or approvals required for operating a battery factory should be included in your business strategy. The legal requirements vary depending on the state in which you intend to do business, as well as your business strategy, services, battery manufacturing equipment, and other considerations. Ensure that your work conforms to all regulatory requirements.
The import of lithium-ion batteries necessitates authorization from the State Pollution Control Board, Central Pollution Control Board, and Ministry of Environment & Forest.?
Documents Necessary for Battery Trade-In Registration:
·????????PAN Card
·????????IEC Certificate
·????????Half Yearly Returns
·????????BIS Certification
·????????Industrial License (optional)
Also, consider your insurance needs, staffing requirements, marketing strategy, and growth objectives. Request quotations from several vendors for the goods and supplies of equipment you require.
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Conclusion
India is a world leader in both assembly and battery management system technology (BMS). India has a lower cost of assembly. India also offers local service, technology, and support, all of which will assist Indian manufacturers in scaling up faster than international competitors. In addition, because of government exemptions and subsidies, Indian producers will have lower costs. These advantages tip the scales in favour of Indian battery manufacturers over overseas competitors.
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