Why does India need a lithium-ion battery?

India therefore needed to massively ramp up domestic production of lithium-ion batteries and the discovery of lithium in the country could enable it to do just that. Also, owing to the lack of domestic supply, India relies heavily on foreign sources to meet its lithium and lithium-ion battery requirements.

Which country imports the most lithium-ion batteries in India?

China (72.73%) and Hong Kong (23.48%) also accounted for the largest share of its lithium-ion battery import that year. India’s continued reliance on China for lithium and lithium-ion batteries is untenable as it can create potential economic, energy, and national security risks.

What is the future of lithium-ion batteries?

As lithium-ion batteries have become the batteries of choice for powering electric vehicles and storing energy from renewable power generators like solar and wind, it is expected to account for 84% of all lithium produced in 2025.

How is lithium-ion battery storage demand met in India?

Currently, domestic lithium-ion battery storage demand of 15 GWh is being almost entirely met through imports of lithium-ion cells and batteries. India imports almost its entire requirement of Li-ion batteries.

Why does India need a lithium supply chain?

India is prioritising the development of its lithium supply chain to support future growth, lead the transition to green energy and reduce strategic vulnerabilities. The nation’s dependency on Chinese imports and the lack of robust supply chain network threatens the current supply of the critical mineral.

Can India develop lithium-ion batteries in Jammu and Kashmir?

The discovery of significant reserves of lithium in Jammu and Kashmir offer a pathway for India to develop local supply of lithium and lithium-ion batteries and reduce its dependence on China. Source: Venditti, Bruno. 2022.