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At present, the demand for Electric Vehicles (EV) is increasing very rapidly all over the world. Automobile companies are launching electric cars and scooters in the market ranging from budget segment to premium and high-performance. But the life of any electric vehicle is its battery. Just as in the old era of the automobile world, companies making powerful engines used to dominate, similarly in today’s EV era, companies making batteries are dominating.
Globally, a record-breaking increase in demand for EV batteries is being witnessed. According to statistics, the total consumption of EV batteries worldwide in recent times 31.7% with an annual increase of 1,187 GWh Has reached. But do you know who are the largest EV battery companies in the world and where does our India stand in this race? Let us understand this in detail.
China’s unilateral rule in the global market
If we look at the global market of EV batteries, it is completely controlled by Asian companies, especially China. Of the world’s top 10 battery manufacturing companies, 6 are from China alone. Only two Chinese companies—CATL and BYD—together account for more than half of the world’s 55.6% Single-handedly handles the market.
From the table given below you can easily understand the market share of the world’s top companies:
| Company Name | Country | Market Share (Global) | Main characteristics |
| CATL | China | 39.2% | The world’s largest supplier, the leading cars of Europe and China use its batteries. |
| BYD | China | 16.4% | The second largest company, which is also the world’s leading EV car manufacturer along with batteries. |
| Other key players | The. Korea/Japan | – | LG Energy Solution, SK On, Samsung and Panasonic are also in the race. |
What is the reason for China’s dominance?
The reason behind this unilateral rule of China is the availability of cheap raw materials and their advanced technology. LFP (Lithium Iron Phosphate) There is technology. This technology is not only cheap to make, but is also considered very stable and safe from security point of view.
Current status of EV batteries in India
According to a recent report by AutoPunditz, India has not yet become a hub for large-scale ‘battery cell’ manufacturing at the global level like China, South Korea or Japan. Simply put, India currently does not manufacture basic battery cells itself.
Even today we are completely dependent on imports from China and other countries for lithium cells. The work currently done in India is called ‘battery pack assembling’, that is, cells imported from outside are joined together and made according to Indian vehicles.
But this situation is going to change very soon. Government of India to make the country self-reliant PLI (Production Linked Incentive) worth ₹18,100 crore The program has been started. With the help of this huge incentive, big companies of the country are now setting up ‘Gigafactories’ on a large scale within India.
Steps towards self-reliance: India’s big battery companies
Seeing the government’s help and future prospects, many big industrial houses of India have now started preparing for cell manufacturing within the country on a war footing:
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Tata Agratas: This company of Tata Group is in Gujarat 20 GWh It is setting up a huge capacity lithium-ion cell plant. The biggest direct benefit of the sale at the domestic level will be to Tata Motors’ very popular cars like Nexon.ev, Punch.ev and Tiago.ev. This will reduce the cost of vehicles and make them more affordable for common customers.
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Ola Electric: Ola, a major company in the two-wheeler segment, is building its mega cell factory in Tamil Nadu. The company has completely designed its ‘4680 Bharat Cell’ Has also been introduced, which will help in significantly reducing the price of Ola’s electric scooters.
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Reliance New Energy: Mukesh Ambani’s Reliance New Energy is also an important part of this PLI scheme of the government. This company is preparing infrastructure for large-scale manufacturing of Advanced Chemistry Cells (ACC) in the country.
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Exide Energy Solution (Exide Energy Shadows): Exide, a giant that has been manufacturing acid batteries for homes and general vehicles for decades, is now moving rapidly into the lithium-ion segment. Famous global carmakers Hyundai and Kia have joined hands with Exide for their future electric cars to be manufactured in India, so as to get affordable LFP sales locally.
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Amara Raja Energy & Mobility: This company, which manufactures batteries under the brand name ‘Amaron’, has entered into a big partnership with the Chinese giant Gotion High-Tech. Through this agreement, Amara Raja is getting the world’s best LFP battery technology, which they will use in their Gigafactory in India.
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Rajesh Exports (ACC Energy Storage): This company, mainly known for its large business of gold and jewelery, has also been shortlisted by the Government of India under the PLI scheme for manufacturing advanced battery cells within the country.
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TDS (TDS Lithium-Ion Battery Gujarat): It is actually a very strong joint venture of Toshiba, Denso and Suzuki. The company operates its plant in Gujarat and is locally manufacturing core parts (such as electrodes) for upcoming advanced hybrid and fully electric cars from Maruti Suzuki and Toyota.
