That is a good point. Will try to cover that aspect a bit here.
The list of EV battery manufacturers can be found in the Wiki link here. If there are battery suppliers, seems like the EV manufacturers are willing to collaborate with them. Currently, we don’t have a strong player in Lithium battery manufacturing in India.
Few points that I thought are worth mentioning:
- Given the complexity in terms of manufacturing Lithium batteries and safety, it is likely that the EV manufacturers would rely on another established entity to manufacture these batteries.
- Global EV battery leaders are all foreign entities. The EV manufacturers could setup a joint venture with these entities. Else, the Indian leaders like Exide could setup a JV with other players (which is already happening)
- India is not having Lithium resource and would depend on China, Australia etc. Hence, we either import Lithium and make the battery in India or import Li Battery itself.
- Any safety issues in terms of battery explosion etc. would significantly affect the brand. Lately, there are increasing news in terms of personal mobility vehicles (segway kinds) catching fire when charging.