INTRODUCTION
In today’s portable electronics, two types of batteries are used: lithium-ion and lithium iron phosphate. Although they have some similarities, the high energy density, long life cycles, and protection of both are significant differences. The majority of people are familiar with lithium-ion batteries since they own a smartphone, tablet, or computer. Lithium iron phosphate is a newer type of battery that is gaining popularity in the manufacturing industry due to its low cost materials and high temperature stability.
Advantages of Lithium Ion (LiFePO4) Cell batteries
High energy density paves the way for even greater capacities.
When fresh, there is no need to prime it for a long time. All that is required is a single daily fee.
Self-discharge is less than half that of nickel-based batteries, suggesting that they have a poor self-discharge.
Low Maintenance: There is no need for a periodic discharge, and there is no memory.
Specialty cells can provide a large amount of current to applications like power tools.
Lithium Ion (LiFePO4) Cell manufacturing process
Cathode, anode, electrolyte, and separator are the four primary components of Li-ion batteries. The continuous reactions of lithium in a lithium-ion battery produce electricity.
Cathode
A Li-ion battery’s power and voltage are determined by its cathode. Since lithium is unstable in its element form, the cathode of a Li-ion battery is lithium oxide.
The frame of the cathode is held together by a thin aluminium foil, which is coated with a paste made up of active material, conductive additive, and a binder.
Related project: – Lithium Ion Battery
Anode
The anode is also coated with an active material that allows for the reversible absorption or emission of lithium ions released from the cathode while also allowing for the flow of electric current through the external circuit. Lithium ions are contained in the anode rather than the cathode when the battery is charged. Lithium ions migrate back to the cathode via the electrolyte as the conducting wire binds the cathode to the anode in the discharge state, and electrons are isolated from lithium ions and travel along the wire, producing electricity.
Electrolyte
The electrolyte in a Li-Ion Battery allows the transfer of lithium ions between the cathode and the anode, as well as the movement of electrons through the wire. To allow the movement of lithium ions, an electrolyte is usually made up of chemicals with high ionic conductivity.
Separator
The cathode and anode determine the battery’s basic efficiency, while the electrolyte and separator determine the battery’s safety. By holding the cathode and anode separate, the separator serves as a physical barrier. It also prevents electrons from flowing directly through the internal microscopic hole, allowing only lithium ions to pass through. Synthetic resins such as polyethylene (PE) and polypropylene (PP) are widely used in commercialized separators (PP).
Market outlook
The demand for lithium iron phosphate batteries in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is divided into three parts: the United States, Canada, and Mexico. Germany, the United Kingdom, Italy, France, and the rest of Europe make up Europe. China, India, Japan, and the Rest of Asia-Pacific make up Asia-Pacific. Because of its proven automotive sector and rising consumer electronics demand, Asia-Pacific dominated the global market. From 2020 to 2027, the global lithium iron phosphate battery market is projected to expand at a compound annual growth rate (CAGR) of 15.2 percent.
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Govt policies
On November 11, 2020, the government approved the production-linked incentive (PLI) scheme in advance chemistry cell (ACC) battery manufacturing, as well as 10 other industries. The battery strategy of the scheme aims to make producers more internationally competitive, increase exports, achieve economies of scale, and develop cutting-edge goods.
This is part of an attempt to encourage the use of electric vehicles (EVs), which have been hindered in India by high battery costs and a lack of supporting infrastructure. Battery imports account for more than half of the cost of an electric vehicle in India. The government has suggested that local manufacturing facilities be built in order to minimize costs and promote competition.
The government has made it clear that it wants to drive India toward clean energy and transportation, as evidenced by the ambitious target of 450 GW of renewable energy production by 2020. Apart from promoting EVs, there has been a notable drive for renewable energy to be available around the clock, which includes energy storage like ACC batteries.
Market Research; – Market Research Report
The proposed battery policy is output-based rather than input-based, which is one of the scheme’s key features. The subsidy is based on the amount of production generated and the amount of value added by private businesses.
Only private companies would be eligible for a government subsidy if they reach a 60 percent value addition within five years of the project’s start date, which is when full-scale development is planned. Any new technology that emerges in the next ten years will be eligible for a subsidy as well.
Next, the government has set aside 570 billion (US$7.7 billion) for the car industry over the next five years as part of the programme. In reality, ACC manufacturing industries have been allocated 180 billion (US$2.4 billion) in advance. The government would pay the producer a fixed subsidy (as determined by the private entity’s bid) for a period of ten years, subject to discounting over time. Economies of scale and lower production prices will be factored into the discounting.
Key Players:-
- BYD Company Ltd.
- A123 Systems LLC,
- K2 Energy
- Electric Vehicle Power System Technology Co., Ltd.
- Bharat Power Solutions
- OptimumNano Energy Co., Ltd.
- LiFeBATT, Inc.
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