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EVs Are Rewiring Risk For Manufacturers
EVs Are Rewiring Risk For Manufacturers

Forbes

time4 days ago

  • Automotive
  • Forbes

EVs Are Rewiring Risk For Manufacturers

The internal combustion engine (ICE) has been steadily improving for more than 100 years, giving us cars that are almost unrecognisable from those early, groundbreaking days of the Ford Model T. This, in turn, has made driving a faster, safer, more fuel-efficient, and more enjoyable experience for everyone. Now electric vehicles (EVs) mark a fundamental shift. One that not only paves the way to innovative changes in how passenger vehicles are designed, built, and maintained, but that will also kickstart a whole new era of risk for manufacturers. Driving this transformation are three key factors, the first of which is consumer dynamics. To date, EV adoption has actually been slower than many projected with only a quarter of car buyers seriously considering going fully electric due to concerns around cost, range and charging time. This has seen the manufacturing industry double down on addressing these concerns with new models that travel further and charge faster. The second factor is battery innovation. Right now, lithium-ion is found in 90% of US EVs, but their performance and safety features don't completely meet all customer requirements. Interest in alternative designs is therefore accelerating too – from iron- and sulphur-based lithium variants to sodium-ion and hydrogen cells. All have their own advantages and disadvantages, leading manufacturers to invest in understanding how they perform in the full life cycle of a user experience. The third and final driver of change is the supply chain itself. EVs use up to three times more chips than ICE vehicles and therefore rely heavily on materials sourced and processed overseas. China alone accounts for 70% of global battery production. Add in geopolitical volatility, tariff controversies, ongoing labor shortages, and localized incidents like the collapse of the Francis Scott Key Bridge, and it's clear: EV supply chains are more stretched and unpredictable than ever – requiring flexible and proactive risk mitigation frameworks to match. There are new, less familiar threats for manufacturers to counter too. While ICE and hybrid vehicles actually catch fire more frequently, EV fires tend to burn hotter and longer – with several high-profile cases making the news and rocking consumer trust. Responding to this risk requires specialized equipment and training for staff, along with a deeper knowledge of chemistry, housing, and fire suppression. Then there's cyber. EVs are, by nature, software-defined machines that are deeply integrated with networks and cloud platforms. From code-level bugs to coordinated hacks, this opens up new areas of potential vulnerability, all capable of causing costly reputational damage and liability claims. Even product recalls are changing. In contrast to ICE vehicle breakdowns, EV issues can often be fixed with over-the-air updates and patches. Yet while the National Highway Traffic Safety Administration (NHTSA) still classifies these events as recalls, the cost and customer experience are entirely different. This, in turn, forces insurers and manufacturers to re-examine the way they calculate risk along with how they structure mitigation strategies going forward. So how should the manufacturing industry respond? First and foremost, by empowering risk managers to lead in this evolving environment and become a central part of a broader, stronger, more connected ecosystem within their own companies. One that connects stakeholders across R&D, supply chain, operations, IT, and even government relations to create a comprehensive framework for analysing and responding to risk. The way manufacturers deploy data must evolve too. Unlike with ICE vehicles, firms don't have decades of EV insights to fall back on in their decision-making and planning. So instead, they should lean into forward-looking indicators, using machinery data on the shop floor to identify quality risks and limit the likelihood of product liability and recall. Leveraging smarter building data in areas like fire protection and structural soundness will also be vital, as will utilizing supply chain visibility information and scoring models for business tax. Encouragingly, much of this data is already available today; it now just needs to be viewed with a risk lens. Rather than simply present data at renewal time, manufacturers and brokers should therefore engage in an ongoing dialogue with carriers about emerging threats, evolving mitigations, and the specific steps they are taking to reduce exposure. This will help shape limits and premiums that fit the realities of their operating landscape. In fact, this ability to focus on the future is, perhaps, the most important shift of all. As EVs become an ever more frequent sight on our roads and in our factories, the passenger vehicle market will be defined by both new methods of manufacturing and new approaches to risk. The firms that lead this new era will be those with their eyes on the road ahead, not in the rear view mirror.

You Can't Charge Devices in Your Carry-On Bag on Southwest Airlines Anymore. What You Need to Know
You Can't Charge Devices in Your Carry-On Bag on Southwest Airlines Anymore. What You Need to Know

CNET

time5 days ago

  • Health
  • CNET

You Can't Charge Devices in Your Carry-On Bag on Southwest Airlines Anymore. What You Need to Know

Southwest Airlines has changed its rules around portable chargers and power banks. Moving forward if you want to charge your phone during a flight, your power bank will need to be visible when in use. This means you won't be able to charge your phone inside of your carry-on bag or the overhead bins. The new safety policy is intended to lower the risk of lithium-ion battery fires. This change comes in response to a series of incidents involving overheating lithium-ion batteries. According to the Federal Aviation Administration, there have been 22 battery-related incidents on flights in 2025 alone, following a record 89 such events in 2024. Notably, a fire aboard an Air Busan flight in South Korea in January -- suspected to have been caused by a power bank with deteriorated insulation -- led to the evacuation of 176 people, including passengers and crew. Read more: The Best Way to Pack Your Carry-On Bag to Breeze Through TSA Lines While the FAA and the Transportation Security Administration currently allow lithium-powered devices like e-cigarettes and power banks in carry-on luggage but prohibit them in checked bags, they do not mandate that portable chargers be kept in plain sight. Southwest's new policy goes a step further, aligning with practices already adopted by some Asia-based carriers, including Singapore Airlines, AirAsia and all South Korean airlines, according to Reuters. This move by Southwest Airlines reflects a growing concern in the aviation industry regarding the safe transport and use of lithium-ion batteries on aircraft. Passengers are encouraged to stay informed about airline policies and to handle electronic devices with care to ensure a safe travel experience. "Southwest will introduce a first-in-industry safety policy on May 28 requiring customers to keep portable charging devices visible while in use during flight," Southwest Airlines confirmed in a statement to CNET via email. "Using portable charging devices while stored in a bag or overhead bin will no longer be permitted. Nothing is more important to Southwest than the safety of its customers and employees." For more travel-related articles, explore these travel essentials you need for every vacation and then take a look at this travel checklist. You should also read about the new Real ID requirement for getting through airport security.

Battery X Metals Unveils Next-Generation Lithium-Ion Battery Rebalancing Machine Following Successful Full Capacity Recovery on a Real-World Imbalanced Battery from the #2 Out-of-Warranty Electric Vehicle Model in the United States in Preliminary Trial
Battery X Metals Unveils Next-Generation Lithium-Ion Battery Rebalancing Machine Following Successful Full Capacity Recovery on a Real-World Imbalanced Battery from the #2 Out-of-Warranty Electric Vehicle Model in the United States in Preliminary Trial

Associated Press

time5 days ago

  • Business
  • Associated Press

Battery X Metals Unveils Next-Generation Lithium-Ion Battery Rebalancing Machine Following Successful Full Capacity Recovery on a Real-World Imbalanced Battery from the #2 Out-of-Warranty Electric Vehicle Model in the United States in Preliminary Trial

News Release Highlights: VANCOUVER, BC / ACCESS Newswire / June 2, 2025 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:5YW)(WKN:A40X9W) ('Battery X Metals' or the 'Company') an energy transition resource exploration and technology company, announces that, further to its news release dated May 27, 2025 confirming the scheduling of its Exclusive Live Investor Reveal Event, and its news release dated May 30, 2025 announcing the successful completion of a preliminary trial (the 'Trial') using Prototype 2.0 on a real-world naturally imbalanced battery pack from the second most common out-of-warranty electric vehicle model in the United States-the Nissan Leaf-the Company is pleased to unveil its second-generation, patent-pending lithium-ion battery rebalancing machine ('Prototype 2.0"), developed by its wholly owned subsidiary, Battery X Rebalancing Technologies Inc. ('Battery X Rebalancing Technologies'). As disclosed in the Company's news release dated May 30, 2025, the Trial marks the first real-world application of Prototype 2.0, validating the Company's proprietary rebalancing technology outside of controlled laboratory environments. The results demonstrated 100% recovery of imbalance-related capacity loss, confirming Prototype 2.0's ability to rebalance cell-level voltages and restore usable ampere-hour capacity in aging battery packs. 'This milestone represents a significant inflection point in our validation journey,' said Massimo Bellini Bressi, CEO of Battery X Metals. 'With Prototype 2.0, we've not only confirmed the technology's ability to detect and correct cell imbalances with precision, but we've now proven it can perform in real-world conditions. We believe this is the first of many major validations that will drive adoption of rebalancing as a viable solution for electric vehicle battery longevity.' Prototype 2.0 Unveiled During Live Reveal Event On May 30, 2025, Battery X Metals hosted its previously announced Exclusive Live Investor Reveal Event (the 'Live Reveal Event'), where it formally presented Prototype 2.0 to the public for the first time. The Live Reveal Event featured a live walkthrough of the system, a dedicated corporate video showcasing Prototype 2.0's design and functionality, and commentary from management on the Company's development roadmap and upcoming milestones. Attendees were also shown an explanatory summary video about battery rebalancing, which outlines how lithium-ion cell imbalances affect battery performance and emphasizes the critical role of rebalancing in prolonging battery life. The Company encourages all shareholders, stakeholders, industry participants, and interested parties to watch the featured videos to gain a deeper understanding of Prototype 2.0's patent-pending technology, the rebalancing process, and the significance of this validation milestone. Watch the featured videos here: Prototype 2.0 Summary of Trial Results As disclosed in the Company's news release dated May 30, 2025, the Trial results (the 'Results') were performed using Prototype 2.0 on the Nissan Leaf Battery Pack, The Nissan Leaf Battery Pack was first charged at 12 amperes using Battery X Rebalancing Technologies' cycling module to simulate a standard electric vehicle charging cycle. Once the first cell reached the voltage target of 4.20 volts (the 'Voltage Target'), a rebalancing current between 0 and 3 amperes was applied individually to the remaining cells until all 96-battery cells successfully reached the Voltage Target. The Voltage Target lies within the standard operating range for LMO and LNO lithium-ion cells of 3.0 volts to 4.20 volts, with 4.20 volts commonly recognized as the full capacity in the industry¹. According to the diagnostic report provided by the vendor of the Nissan Leaf Battery Pack (the 'Battery Vendor Diagnostic Report'), the reported measured effective ampere-hour capacity of the Nissan Leaf Battery Pack prior to rebalancing was 50.34 ampere-hours (Ah). This served as the baseline capacity for the Trial. Following the Trial, Prototype 2.0's integrated software determined that 1.95 Ah of additional capacity had been successfully restored. While the Battery Vendor Diagnostic Report did not quantitatively indicate a loss of capacity, it indicated that the Nissan Leaf Battery Pack was operating at 50.34 Ah with minor voltage imbalance that placed the voltage below the Voltage Target. Rebalancing the cells to the Voltage Target achieved a 3.9 percent improvement in usable capacity. The restored 1.95 Ah corresponds to the full theoretical rebalancing increase based on the Voltage Target achieved, and represents full recovery of the minor voltage imbalance indicated on the Battery Vendor Diagnostic Report. These results were determined by the Trial based on achieving the Voltage Target across all 96-battery cells, along with a software feature of Prototype 2.0 that shows the ampere-hours (Ah) capacity restored through rebalancing for each individual cell, with the largest discrepancy being 1.95 Ah, based on the Voltage Target. Battery X Rebalancing Technologies interprets this result as confirmation of Prototype 2.0's ability to restore all imbalance-induced lost capacity through precise voltage alignment and battery-cell level rebalancing. Results Battery X Rebalancing Technologies views this successful demonstration as a critical step in the technology validation process, paving the way for expanded testing, operational protocol development, and eventual commercial deployment. Refer to the Company's news release dated May 30, 2025, for additional information pertaining to the Trial and Results. The Problem: Rising EV Adoption Presents New Battery Lifecycle Challenges In 2024, global EV sales reached approximately 17.1 million units, representing a 25% increase from 20232. With cumulative global EV sales from 2015 to 2023 totaling an estimated over 40 million units3, a significant share of the global EV fleet is expected to exit warranty coverage over the coming years. By 2031, nearly 40 million electric, plug-in hybrid, and hybrid vehicles worldwide are anticipated to fall outside of their original warranty coverage4,5. This projection is based on current EV adoption figures and standard industry warranty terms, and underscores a growing risk for EV owners facing battery degradation, reduced capacity, and costly replacement requirements6. As the global EV fleet continues to expand, the demand for technologies that extend battery life, reduce long-term ownership costs, and support a sustainable transition to electric mobility is increasing. The Solution: Pioneering Next-Generation Technologies to Support Lithium-Ion Battery Longevity Battery X Rebalancing Technologies' proprietary software and hardware technology aims to address this challenge by extending the lifespan of EV batteries. This innovation is being developed with the aim to enhance the sustainability of electric transportation and the goal to provide EV owners with a more cost-effective, environmentally friendly ownership experience by reducing the need for costly battery replacements. Battery X Rebalancing Technologies' rebalancing technology, validated by the National Research Council of Canada ('NRC'), focuses on battery cell rebalancing. The NRC validation demonstrated the technology's ability to effectively correct cell imbalances in lithium-ion battery packs, recovering nearly all lost capacity due to cell imbalance. The validation was conducted on battery modules composed of fifteen 72Ah LiFePO₄ cells connected in series. The cells were initially balanced to a uniform state of charge (SOC), with a measured discharge capacity of 71.10Ah. In the validation test, three of the fifteen cells were then artificially imbalanced-one cell was charged to a 20% higher SOC, and two cells were discharged to a 20% lower SOC-resulting in a reduced discharge capacity of 46.24Ah, following rebalancing using Battery X Rebalancing Technologies' rebalancing technology. These advancements establish Battery X Rebalancing Technologies as a participant in lithium-ion and EV battery solutions, aiming to tackle the critical challenges of capacity degradation of battery packs and expensive replacements. By extending the lifecycle of battery materials within the supply chain, Battery X Rebalancing Technologies aims to support the energy transition and promote a more sustainable future. 1 Battery University , 2 Rho Motion - Global EV Sales 2024, 3 IEA Global EV Outlook 2024, 4 IEA, 5 U.S. News, 6 Recurrent Auto About Battery X Metals Inc. Battery X Metals (CSE:BATX) (OTCQB:BATXF) (FSE:5YW, WKN:A40X9W) is an energy transition resource exploration and technology company committed to advancing domestic and critical battery metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. For more information, visit On Behalf of the Board of Directors Massimo Bellini Bressi, Director For further information, please contact: Massimo Bellini Bressi Chief Executive Officer Email: [email protected] Tel: (604) 741-0444 Disclaimer for Forward-Looking Information This news release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or performance and include statements regarding: the performance, functionality, and commercial potential of Prototype 2.0; the anticipated continuation and expansion of real-world testing; the Company's ability to conduct further trials across additional electric vehicle battery platforms; the development and refinement of standard operating procedures for rebalancing workflows; the validation and applicability of the Company's proprietary rebalancing technology to other lithium-ion chemistries and vehicle models; the potential for adoption of rebalancing technologies to extend battery lifespan and reduce ownership costs; the scalability and integration of the technology within commercial EV service environments; the Company's role in supporting the broader energy transition and battery circular economy; and future revenue generation, partnerships, and commercial deployment opportunities. Forward-looking statements are based on management's reasonable assumptions, expectations, estimates, analyses, and opinions as of the date of this news release. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to: the ability to replicate real-world trial results at scale or across different battery configurations; the ongoing performance of Prototype 2.0 in controlled and uncontrolled environments; evolving market acceptance of battery rebalancing technologies; the Company's ability to secure strategic partnerships and funding; general business, technological, regulatory, and economic conditions; and other risk factors disclosed in the Company's public filings on There can be no assurance that the Company's technology will function as intended in all scenarios, that further validation will yield consistent results, or that rebalancing will be broadly adopted as a standard EV battery maintenance or longevity solution. The Company undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. SOURCE: Battery X Metals press release

India Battery Industry research 2025: Market Trends, Competition, Forecast & Opportunities, 2021-2031 - Shift to Lithium-Ion and Advanced Chemistries Moves Towards Sustainability
India Battery Industry research 2025: Market Trends, Competition, Forecast & Opportunities, 2021-2031 - Shift to Lithium-Ion and Advanced Chemistries Moves Towards Sustainability

Yahoo

time30-05-2025

  • Business
  • Yahoo

India Battery Industry research 2025: Market Trends, Competition, Forecast & Opportunities, 2021-2031 - Shift to Lithium-Ion and Advanced Chemistries Moves Towards Sustainability

The India Battery Market is poised for growth fueled by the adoption of electric vehicles, rising energy needs, and a shift toward cleaner energy. Key opportunities lie in advancing lithium-ion and alternative battery chemistries, alongside government initiatives bolstering local production, amid challenges of raw material import dependencies. Indian Battery Market Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "India Battery Market, By Region, Competition, Forecast & Opportunities, 2021-2031F" has been added to offering. The India Battery Market was valued at USD 10.45 Billion in 2025 and is expected to reach USD 20.24 Billion by 2031, rising at a CAGR of 11.48% Batteries, which are electrochemical devices, convert stored chemical energy into electrical energy and are essential for powering applications ranging from portable electronics to electric vehicles and renewable energy storage systems. They typically consist of electrochemical cells with an anode, cathode, and electrolyte. As technological advancements continue to improve battery performance, efficiency, and environmental impact, the demand for energy storage solutions is rapidly increasing across various sectors. In India, this surge is driven by the expanding electric vehicle market, rising energy consumption, and the transition toward cleaner energy sources, positioning batteries as a central component of the nation's energy ecosystem. Rising Adoption of Electric Vehicles (EVs) A primary driver of the India battery market is the growing adoption of electric vehicles (EVs). Government initiatives such as the FAME scheme have promoted the adoption of EVs through subsidies and infrastructure development, significantly boosting demand for batteries, especially lithium-ion types. Factors such as rising fuel prices, increasing urban air pollution, and heightened environmental awareness are pushing both consumers and industries toward sustainable mobility. EV adoption is not limited to personal vehicles but extends to logistics and delivery services, with major companies electrifying their fleets. The growing number of startups and manufacturers investing in battery R&D is improving local production capabilities, reducing reliance on imports. Infrastructure enhancements such as battery-swapping stations and charging networks are creating an integrated ecosystem that accelerates EV adoption. India witnessed over 2 million EV sales in 2024, reflecting a strong upward trend in battery demand linked to the electric mobility boom. Supply Chain Constraints and Raw Material Dependency A significant challenge in the Indian battery market is its dependence on imported raw materials, particularly for lithium-ion batteries. India lacks domestic reserves of essential elements such as lithium, cobalt, and nickel, making it reliant on imports from countries like China, Chile, and Australia. This dependency exposes the market to geopolitical risks, supply disruptions, and price volatility. Additionally, India's limited refining and processing capacity further hampers efforts to localize battery production. These factors can lead to production delays and higher costs, affecting the affordability and availability of batteries for key sectors like EVs, consumer electronics, and renewable energy. Without a robust domestic supply chain and processing infrastructure, India's battery industry remains vulnerable to external fluctuations. Shift Toward Lithium-Ion and Advanced Battery Chemistries India is experiencing a clear transition from traditional lead-acid batteries to lithium-ion and other advanced battery chemistries. Lithium-ion batteries are preferred due to their superior energy density, faster charging, and longer life, making them ideal for applications in EVs, consumer electronics, and energy storage systems. The adoption of lithium iron phosphate (LFP) batteries is increasing, particularly for their thermal stability and cost-effectiveness, making them suitable for Indian climatic conditions. Nickel manganese cobalt (NMC) batteries are gaining traction in premium vehicle segments. Research into next-generation technologies such as solid-state and sodium-ion batteries is also underway, with the aim of enhancing safety, performance, and sustainability. Government initiatives under the PLI scheme are encouraging local production and innovation in battery technology. As production scales up and costs decline, advanced chemistries are expected to become mainstream across multiple applications. Key Attributes: Report Attribute Details No. of Pages 85 Forecast Period 2025 - 2031 Estimated Market Value (USD) in 2025 $10.45 Billion Forecasted Market Value (USD) by 2031 $20.24 Billion Compound Annual Growth Rate 11.4% Regions Covered India Report Scope Key Market Players: Panasonic Corporation LG Energy Solution Ltd. Samsung SDI Co., Ltd. BYD Company Limited Tesla, Inc. SK Innovation Co., Ltd. GS Yuasa Corporation Envision AESC Group Ltd. India Battery Market, By Type: Lead Acid Lithium Ion Nickel Metal Hydride Others India Battery Market, By Application: Residential Industrial Commercial India Battery Market, By Region: South India North India West India East India For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Indian Battery Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio

India Battery Industry research 2025: Market Trends, Competition, Forecast & Opportunities, 2021-2031 - Shift to Lithium-Ion and Advanced Chemistries Moves Towards Sustainability
India Battery Industry research 2025: Market Trends, Competition, Forecast & Opportunities, 2021-2031 - Shift to Lithium-Ion and Advanced Chemistries Moves Towards Sustainability

Yahoo

time30-05-2025

  • Business
  • Yahoo

India Battery Industry research 2025: Market Trends, Competition, Forecast & Opportunities, 2021-2031 - Shift to Lithium-Ion and Advanced Chemistries Moves Towards Sustainability

The India Battery Market is poised for growth fueled by the adoption of electric vehicles, rising energy needs, and a shift toward cleaner energy. Key opportunities lie in advancing lithium-ion and alternative battery chemistries, alongside government initiatives bolstering local production, amid challenges of raw material import dependencies. Indian Battery Market Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "India Battery Market, By Region, Competition, Forecast & Opportunities, 2021-2031F" has been added to offering. The India Battery Market was valued at USD 10.45 Billion in 2025 and is expected to reach USD 20.24 Billion by 2031, rising at a CAGR of 11.48% Batteries, which are electrochemical devices, convert stored chemical energy into electrical energy and are essential for powering applications ranging from portable electronics to electric vehicles and renewable energy storage systems. They typically consist of electrochemical cells with an anode, cathode, and electrolyte. As technological advancements continue to improve battery performance, efficiency, and environmental impact, the demand for energy storage solutions is rapidly increasing across various sectors. In India, this surge is driven by the expanding electric vehicle market, rising energy consumption, and the transition toward cleaner energy sources, positioning batteries as a central component of the nation's energy ecosystem. Rising Adoption of Electric Vehicles (EVs) A primary driver of the India battery market is the growing adoption of electric vehicles (EVs). Government initiatives such as the FAME scheme have promoted the adoption of EVs through subsidies and infrastructure development, significantly boosting demand for batteries, especially lithium-ion types. Factors such as rising fuel prices, increasing urban air pollution, and heightened environmental awareness are pushing both consumers and industries toward sustainable mobility. EV adoption is not limited to personal vehicles but extends to logistics and delivery services, with major companies electrifying their fleets. The growing number of startups and manufacturers investing in battery R&D is improving local production capabilities, reducing reliance on imports. Infrastructure enhancements such as battery-swapping stations and charging networks are creating an integrated ecosystem that accelerates EV adoption. India witnessed over 2 million EV sales in 2024, reflecting a strong upward trend in battery demand linked to the electric mobility boom. Supply Chain Constraints and Raw Material Dependency A significant challenge in the Indian battery market is its dependence on imported raw materials, particularly for lithium-ion batteries. India lacks domestic reserves of essential elements such as lithium, cobalt, and nickel, making it reliant on imports from countries like China, Chile, and Australia. This dependency exposes the market to geopolitical risks, supply disruptions, and price volatility. Additionally, India's limited refining and processing capacity further hampers efforts to localize battery production. These factors can lead to production delays and higher costs, affecting the affordability and availability of batteries for key sectors like EVs, consumer electronics, and renewable energy. Without a robust domestic supply chain and processing infrastructure, India's battery industry remains vulnerable to external fluctuations. Shift Toward Lithium-Ion and Advanced Battery Chemistries India is experiencing a clear transition from traditional lead-acid batteries to lithium-ion and other advanced battery chemistries. Lithium-ion batteries are preferred due to their superior energy density, faster charging, and longer life, making them ideal for applications in EVs, consumer electronics, and energy storage systems. The adoption of lithium iron phosphate (LFP) batteries is increasing, particularly for their thermal stability and cost-effectiveness, making them suitable for Indian climatic conditions. Nickel manganese cobalt (NMC) batteries are gaining traction in premium vehicle segments. Research into next-generation technologies such as solid-state and sodium-ion batteries is also underway, with the aim of enhancing safety, performance, and sustainability. Government initiatives under the PLI scheme are encouraging local production and innovation in battery technology. As production scales up and costs decline, advanced chemistries are expected to become mainstream across multiple applications. Key Attributes: Report Attribute Details No. of Pages 85 Forecast Period 2025 - 2031 Estimated Market Value (USD) in 2025 $10.45 Billion Forecasted Market Value (USD) by 2031 $20.24 Billion Compound Annual Growth Rate 11.4% Regions Covered India Report Scope Key Market Players: Panasonic Corporation LG Energy Solution Ltd. Samsung SDI Co., Ltd. BYD Company Limited Tesla, Inc. SK Innovation Co., Ltd. GS Yuasa Corporation Envision AESC Group Ltd. India Battery Market, By Type: Lead Acid Lithium Ion Nickel Metal Hydride Others India Battery Market, By Application: Residential Industrial Commercial India Battery Market, By Region: South India North India West India East India For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Indian Battery Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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