Who is the new lithium battery industry leader?

India and countries in southeast Asia are eager to build lithium-ion battery manufacturing centers at home to maintain their existing carmaking capacity and take advantage of rapidly growing local and global battery demand. Chinese and south Korean companies dominate existing markets, creating strong headwinds for local government plans and businesses. The report assesses the prospects for India and southeast Asian countries to become battery manufacturing centers.

China

China will remain the world's most dominant battery manufacturing center, but India and Southeast Asian countries still have the opportunity to occupy the market share. We expect that the construction of Thailand will be the first to take specific actions, while India is more focused on r&d.

Local prospects

India and Southeast Asia can become a battery manufacturing center, mainly depends on the region of the electric car production scale. In particular, the electric car production will bring more benefits to local create more demand or supply chain, is likely to promote the formation of a domestic industry, and encourage foreign manufacturers in the local construction of a new production base.

The government's support

Government to stimulate domestic enterprises of all kinds of support and trade protection policy, will accelerate the development of battery manufacturing industry in the region. Once appear, for example, trade restrictions, Chinese battery makers will consider transferring manufacturing capacity to southeast Asia.

Thailand

Thailand's renewable energy development enterprise energy absolute start from small scale production, with its batteries manufacturing capacity up to 50 a year GWH ambition, the scale of production capacity is necessary for creating competitive local industry.

Another way is to conduct technical research and development, and ultimately to skip the current stage of lithium ion battery technology: Thailand GPSC company is exploring a semi-solid battery technology, can greatly reduce the materials required for the battery. Although the prospect of this technology is very exciting, but at the same time, it is full of uncertainty.

India

India has been focused on the recent technology research and development, at the same time allow foreign companies to build battery pack assembly plant in local. The government really wants to maintain local companies to domestic battery control of the market, but it will hinder the growth speed of the market.

A set of data

50 a year GWH

Thailand energy absolute lithium ion batteries capacity target of the company

212 $/ kWh

In 2017, India's production of battery factory (annual production capacity of 3 GWH) battery manufacturing costs

100MWh

Thailand GPSC companies using the 24 m semi-solid cell technology, in the first stage of implementation capacity.

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