Allox makes India self-dependent in Li-Ion batteries for EVs
Allox is India's biggest producer of carbon-coated lithium iron phosphate (LiFePO4), also known as LFP. By 2022/23, the company expects to have put up a facility to begin building battery packs for electric mobility. The inability to manufacture lithium-ion cells in India, a critical component of batteries used to power your automobiles, is one of the largest roadblocks in the Indian electric mobility market. India's entire feed of lithium-ion cells is imported from China and Taiwan and built into batteries locally. Lithium-ion batteries account for 40 to 50 percent of an electric vehicle's cost (EV). Sadly, in India, EV battery manufacturing is primarily about assembling batteries rather than creating, developing, and manufacturing them from the ground up. You'll need cells to build lithium-ion batteries for electric vehicles. Anode materials, cathode materials, separators, binders, and other components are required for these cells. Because you require lithi...