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capacity","indias-battery-startups-push-to-boost-capacity","article/indias-battery-startups-push-to-boost-capacity",{"_uid":557,"date":558,"tags":559,"editor":565,"content":575,"excerpt":662,"featured":51,"reporter":663,"_editable":667,"component":668,"seo_title":553,"categories":669,"visibility":676,"author_company":49,"featured_image":677,"seo_description":662,"author_full_name":49,"author_job_title":49,"formattedDate":682,"formattedArticleDate":683},"f51653e8-b5cc-423f-8e74-bb9823013da3","2024-05-16 00:00",[560,562],{"slug":561,"name":561},"battery",{"slug":563,"name":564},"india","India",[566],{"slug":567,"name":568,"content":569},"didi-bostock","Didi Bostock",{"job_title":570,"image":571,"bio":573,"linkedin":574},"Editor - Energy Transition & Economics",{"filename":572},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":576,"content":577},"doc",[578,585,600,605,618,630,635,642,647,652,657],{"type":579,"attrs":580,"content":581},"paragraph",{"textAlign":49},[582],{"text":583,"type":584},"India’s lithium ion battery recycling capacity is set to more than double by the end of the decade as the country’s nascent battery recycling startups move ahead with their plans.","text",{"type":579,"attrs":586,"content":587},{"textAlign":49},[588,590,598],{"text":589,"type":584},"The country’s battery recycling capacity is forecast to grow to 117,000 tonnes by the end of 2030 from 44,000 tonnes this year, according to the ",{"text":591,"type":584,"marks":592},"Benchmark Recycling Forecast",[593],{"type":594,"attrs":595},"link",{"href":596,"uuid":49,"anchor":49,"target":49,"linktype":597},"https://www.benchmarkminerals.com/forecasts/recycling/reports/","url",{"text":599,"type":584},". ",{"type":579,"attrs":601,"content":602},{"textAlign":49},[603],{"text":604,"type":584},"India’s battery recycling as well its gigafactory plans are both in infancy stage and the country currently imports its new and spent batteries. ",{"type":579,"attrs":606,"content":607},{"textAlign":49},[608,610,616],{"text":609,"type":584},"The lithium ion battery capacity in India is expected to reach 23 gigawatt hours (GWh) by the end of 2025, according to the ",{"text":611,"type":584,"marks":612},"Benchmark Gigafactory Assessment",[613],{"type":594,"attrs":614},{"href":615,"uuid":49,"anchor":49,"target":49,"linktype":597},"https://www.benchmarkminerals.com/market-assessments/gigafactory-assessment/reports/",{"text":617,"type":584},".",{"type":579,"attrs":619,"content":620},{"textAlign":49},[621,623,629],{"text":622,"type":584},"However, the world’s fourth largest passenger vehicle market by production holds huge promise as it wants 30% of its passenger vehicle sales to be electric by 2030. India has set a target of setting up 50 GWh of lithium ion battery production capacity in the ",{"text":624,"type":584,"marks":625},"country by 2030",[626],{"type":594,"attrs":627},{"href":628,"uuid":49,"anchor":49,"target":49,"linktype":597},"https://source.benchmarkminerals.com/article/indias-battery-demand-from-electric-cars-set-to-overtake-two-wheelers-by-end-of-decade",{"text":617,"type":584},{"type":579,"attrs":631,"content":632},{"textAlign":49},[633],{"text":634,"type":584},"India sold 1.67 million electric vehicles in 2023, an increase of 41.6% year-on-year, according to data from Society of Manufacturers of Electric Vehicles. ",{"type":636,"attrs":637,"content":639},"heading",{"level":638,"textAlign":49},4,[640],{"text":641,"type":584},"India seeks more federal push",{"type":636,"attrs":643,"content":644},{"level":638,"textAlign":49},[645],{"text":646,"type":584},"Recycling startups double down on capacity expansion",{"type":579,"attrs":648,"content":649},{"textAlign":49},[650],{"text":651,"type":584},"At least three Indian battery recycling startups have plans to scale up capacities to meet the demand overseas and prepare for the potential brewing in the domestic market.",{"type":579,"attrs":653,"content":654},{"textAlign":49},[655],{"text":656,"type":584},"Source: Companies",{"type":579,"attrs":658,"content":659},{"textAlign":49},[660],{"text":661,"type":584},"“The vast majority of operational Indian recyclers have processing capacity for lithium ion battery recycling, which is highly important for black mass treatment and materials value extraction, as in the West we are seeing far fewer processing facilities in operation,” said Beatrice Browning, analyst at Benchmark.","India’s lithium ion battery recycling capacity is set to more than double by the end of the decade as the country’s nascent battery recycling startups move ahead with their plans. The country’s battery recycling capacity is forecast to grow to 117,000 tonnes by the end of 2030 from 44,000 tonnes this year, according to the […]",[664],{"slug":567,"name":568,"content":665},{"job_title":570,"image":666,"bio":573,"linkedin":574},{"filename":572},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"f51653e8-b5cc-423f-8e74-bb9823013da3\", \"id\": \"\"}-->","article",[670,673],{"slug":671,"name":672},"recycling","Recycling",{"slug":674,"name":675},"sustainability","Sustainability","private",{"id":49,"alt":678,"name":678,"focus":678,"title":678,"source":678,"filename":679,"copyright":678,"fieldtype":680,"meta_data":681,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/527d2baea3/bm-india-evs-pic.jpg","asset",{"alt":678,"title":678,"source":678,"copyright":678},"May 16, 2024","16th May 2024",[],[],1788535192211]