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24/12/22 20:56 PM IST

India’s 1st lithium-ion cell factory inaugurated in Andhra Pradesh

In News
  • The Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar has launched the pre-production run of India’s first lithium-ion cell manufacturing facility at Tirupati, Andhra Pradesh.
About Lithium cell plant
  • This is the first time a real manufacturing operation for lithium-ion cells is happening in the country.
  • The 15,000 sq mt lithium cell factory has come up on a 30-acre site with a Phase-1 investment of ₹165 crore.
  • It will have an initial capacity of 270 MWh and can produce 20,000 cells of 10Ah capacity every day.
  • The company has technical tie-ups with China-based Tianjin Lishen and BPI.
  • Phase-1 production will cater to consumer electronics and digital products such as power banks, mobile phones, and wearable devices.
  • The factory’s capacity can serve about 60 per cent of the current requirement for power banks in India.
  • The Phase-1 capacity can fetch a revenue of about ₹400-450 crore a year
  • Presently, India is completely importing lithium-ion cells from China, South Korea, Vietnam, and Hong Kong. These imports would be in the range of ₹15,000-₹20,000 crore.
  • Under Phase 2 and 3 expansion, the company will commence the establishment of additional capacity for energy storage systems and electric vehicles.
  • This will entail an investment of ₹635 crore, taking the total investment to about ₹800 crore, and the total employment will increase to about 800.
  • The company said it will produce cells based on OEM requirements with capacities ranging from 50 mAh to 10,000 mAh.
Source- Hindu Businessline

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