India promotes local energy storage diversification
According to the Indian Economic Times, the Modi government agreed to implement the "change movement" on March 7.Battery storageNational Mission on Transformative Mobility and Battery Storage, which promotes clean, connected, shared, and sustainable mobile power recommendations. Together, the Modi government also agreed to the National Phased Manufacturing Program to support India's large-scale, export-oriented competitive Jiwa-class battery manufacturing enterprise develops and promotes the localization of the Indian electric vehicle industry chain. Both of these plans are implemented for five years and will be implemented until 2024.
According to IndiaEnergy storageThe Alliance (IESA) has speculated that India is forming a huge demand for electric vehicles and has huge market potential in battery storage. By 2025, the Indian power storage market will grow to more than 300 GWh. The Indian Energy Storage Alliance is the first to propose the Moving onwards with Vehicle Electrification (MOVE) initiative to promote the collaboration between electric vehicle manufacturers and battery charging infrastructure companies to improve the production capacity of electric vehicle parts. The head of the Indian Energy Storage Alliance indicated that there are more than 10 companies engaged in the production of battery energy storage equipment components and lithium battery assembly in India. It is expected that 4-5 large companies will enter the battery manufacturing operation in the next 2-3 years. Appropriate policy support from the government will promote the diversification of energy storage projects in Indian companies. After India's national production plan, India's hometown company will be able to manufacture battery energy storage products such as China, Australia, Germany, the United States, Taiwan and South Korea. Big countries compete.
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