Known for its high energy density and long cycle life, lithium-ion has emerged as the preferred choice of battery technology. Lithium-ion batteries (LIBs) are also distinguished by their adaptability and scalability, rendering itself to be an ideal candidate for applications in electric vehicles (EV) and utility-scale energy storage. The convergence of the technical benefits coupled with swift expansion of global manufacturing capacities for LIBs has resulted in a substantial reduction in production costs.
India is actively promoting battery…