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India plans to lobby Tesla Samsung to encourage local battery manufacturing

According to Reuters on October 26, India plans to put forward investment suggestions to Tesla, Samsung and LG energy to encourage these enterprises to invest in local manufacturing batteries. The country is seeking to establish a domestic supply chain for clean transportation < p > India encourages major companies to make local batteries. Source: Reuters < / P > < p > according to an Indian government official, India will hold five roadshows in the United States, Germany, France, South Korea and Japan next month to lobby battery manufacturers to produce locally. At present, Tesla, LG energy and Samsung will be invited to participate, but the list of Representatives has not been determined. The official said that other target companies include northvolt AB, a battery developer in Sweden, and Panasonic and Toshiba in Japan < p > the official said that although local Indian enterprises such as Reliance Industries Limited, Adani group and Tata group have shown interest, so far, the enthusiasm of multinational companies is not high < p > the electric sport utility vehicle Nexon eV of Tata Motors. Source: Reuters < / P > < p > it is reported that some multinational companies are unwilling to cooperate without local partners because it requires a lot of investment, and India's ability in contract execution is not ideal. More multinational companies will choose to invest in larger markets, such as the United States and Europe, because these markets have higher demand for batteries < p > the official said: "allowing multinational companies to enter India shows that we take this matter seriously. Moreover, they will also bring good technology, quality and safety standards." < / P > < p > according to Reuters, the 2021 United Nations Climate Change Conference (cop26) will be held in Glasgow on the 31st. In order to improve urban pollution and reduce dependence on oil, India will promote the use of electric vehicles while achieving its emission targets at the core of the strategy < p > according to Reuters on September 25, at present, most batteries in India are imported and expensive, which makes electric vehicles account for only a small part of the total sales in India. Although India is keen to reduce its dependence on oil and reduce pollution, India's efforts to promote electric vehicles have been hampered by a lack of investment in infrastructure such as battery manufacturing and charging stations < p > India plans to provide $4.6 billion in incentives to electric vehicle manufacturers. Source: Reuters < / P > < p > according to Reuters, India sold only 3400 electric vehicles in 2020, while the sales of traditional vehicles was 1.7 million. However, with the Indian government providing us $4.6 billion (about 29.3 billion yuan) incentives to carmakers and electric vehicle buyers, the sales of electric vehicles are gradually rising < p > according to the statement of the measure, India plans to account for 30% of the total sales of private cars and 40% of the total sales of electric motorcycles and scooters by 2030. Meanwhile, the import tax rate of electric vehicle batteries will be maintained at 5% until 2022, but will be increased to 15% thereafter to stimulate the development of local battery enterprises in India < p > jio BP electric vehicle charging station. Source: Reuters < / P > < p > the measure estimates that under the subsidy of the Indian government, major enterprises will spend about US $6 billion (about 38.2 billion yuan) in five years to build infrastructure such as battery storage capacity and charging station with a total of 50gwh. At the same time, if the measure is successful, it is expected to promote the wide demand for batteries. At present, batteries account for 35% to 40% of the total vehicle cost, However, the cost can be reduced through local production < p > the official said that if an enterprise wants to receive incentive policy subsidies, the company must set a storage capacity of at least 5gwh. It is revealed that this will require an investment of at least US $850 million (about RMB 5.44 billion) < p > related reading: < / P > < p > Indian transport minister shouted Tesla: don't sell "made in China" in India < / P > < p > < / P > < p >


2023-03-22 10:04:46

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