Recycling lithium-ion batteries a ‘great economic opportunity’, says ICEA chief

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Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA), has called lithium-ion battery recycling a “great opportunity” for Indian entrepreneurs and a strong economic proposition in the long run.

Speaking to CNBC-TV18, Mohindroo highlighted the need to urgently build industrial-scale recycling capacity, especially as electric vehicles and solar energy storage create a surge in battery demand.

“We are getting into electric vehicles and solar storage in a very big way. These are high in weight and less complex. So, I…



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Recycling lithium-ion batteries a ‘great economic opportunity’, says ICEA chief


Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA), has called lithium-ion battery recycling a “great opportunity” for Indian entrepreneurs and a strong economic proposition in the long run.

Speaking to CNBC-TV18, Mohindroo highlighted the need to urgently build industrial-scale recycling capacity, especially as electric vehicles and solar energy storage create a surge in battery demand.

“We are getting into electric vehicles and solar storage in a very big way. These are high in weight and less complex. So, I…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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