Some most expensive and important components of electric vehicles are the Lithium ion batteries. You can say lithium-ion batteries are the heart of an electric vehicle system because we know around 40 to 50 percent of overall cost only because of Lithium ion batteries. Between 2025 Lithium ion batteries demand for EV application is going to skyrocket as per Government of India we need at least 10 gwh power of lithium-ion cells by the year of 2022 and about 60 gwh energy by 2025 and 120 gwh by 2030. Epsilon advanced materials Epsilon advance material is the first Lithium ion cell manufacturing company in India they have set up the first Lithium ion in the initial stage they had started their manufacturing mainly for the graphite anode material for lithium ion battery now they are planning from July 2021 they will start the cathode material manufacturing .according to Epsilon advance material they will first of all to invest 60 billion rupees to produce over 1 lakh tones of synthetic
