Countries in India and Southeast Asia are eager to establish lithium-ion battery manufacturing centers in the country. They hope to maintain the existing local automobile manufacturing capacity and fully utilize the rapidly growing demand for local and global batteries. In the existing markets, China and South Korea The dominant position of enterprises has brought great resistance to local government plans and companies. This research report assesses the prospects for the construction of battery manufacturing centers in India and Southeast Asian countries.
China
China will remain the world's most dominant battery manufacturing center, but India and Southeast Asian countries still have the opportunity to take up some market share. We expect that Thailand will first take concrete construction actions while India will focus more on R&D investment.
Local prospects
Whether India and Southeast Asian countries can develop into battery manufacturing centers will depend on the scale of electric vehicle production in the region. Specifically, electric vehicle production will create more demand or bring more benefits to the local supply chain, which is likely to promote The formation of domestic industries, and encourage foreign manufacturers to build new production bases in the area.
governmental support
The various types of government support and incentives for local companies to promote trade protection policies will accelerate the development of the battery manufacturing industry in this region. For example, once a trade-related restriction policy occurs, Chinese battery manufacturers will consider transferring manufacturing capacity. To Southeast Asia.
Thailand
Energy Absolute, a renewable energy development company in Thailand, started from a relatively small scale and has the ambition to increase its cell manufacturing capacity to 50GWh per year. This capacity is necessary to create a competitive local industry.
The other way is to carry out technical research and development, and eventually skip the current lithium-ion battery technology stage: Thai company GPSC is exploring a semi-solid-state battery technology that can greatly reduce the materials required for battery manufacturing. Despite the promising prospects of this technology People are excited, but they are also full of uncertainty.
India
India has been focusing on technology research and development recently, and at the same time allowing foreign companies to establish battery assembly plants in the country. The Indian government is very keen to maintain local companies’ control of the domestic battery market, but this will hinder the growth of the market.
a set of data
50GWh per year
Energy Absolute's Lithium-Ion Cell Capacity Target in Thailand
$212/kWh
Battery manufacturing costs for battery plant in India (capacity 3GWh per year) in 2017
100MWh
Thai company GPSC uses 24M semi-solid battery technology, achieved in the first phase of the annual production capacity.
