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A Complete Business Plan For Lithium Ion Battery (battery Assembly) | |
| In portable devices such as cell phones, tablets, laptops, and even electric cars, lithium ion batteries are the most extensively utilised power source. They're employed in these devices because they're light and have a high energy density, meaning they pack a lot of power into a tiny space. However, the process of making lithium ion batteries is complicated, and it might be difficult to ensure that each component is properly installed so that the batteries function properly later. For a variety of reasons, lithium ion batteries have grown extremely popular in recent years. They have a high discharge rate and may be used in a variety of applications, but they're especially popular because they don't contain heavy metals like mercury or cadmium, which were formerly used in battery technology. As a result, they are far more easily recycled than previous batteries. These batteries can also be recharged, allowing users to reuse them instead of throwing them away. Lithium-ion batteries are more expensive up front than other types of rechargeable cells, but they save money in the long run since they can be recharged multiple times before needing to be replaced. In fact, they have a longer life expectancy than other battery kinds. Lithium-ion batteries can be used as primary power sources for electronics and tools, as well as emergency backup power supplies, and even integrated into home solar or wind turbines. (1) Lithium-ion batteries are used in cameras and calculators. (2) They're found in cardiac pacemakers and other medical implants. (3) They're used in telecommunications, instrumentation, portable radios and televisions, and pagers. (4) Laptop computers, cell phones, and aerospace applications all use them. Advantages • More Compact Design: Li-ion batteries are smaller and lighter than traditional rechargeable batteries when compared to their capacity, and are thus used in portable consumer electronics devices where weight and form factor are important selling points. • High Energy Density: Li-ion batteries have a higher energy density than conventional rechargeable batteries. Lithium-ion batteries deliver a lot of power without being too bulky. • Lower Self-discharge and Longer Shelf Life: While compared to other rechargeable batteries, Li-ion batteries have a lower self-discharge rate of about 1.5 percent per month, allowing for a longer shelf life when not in use due to the slower drain. • Lower Memory Effect: The process of rechargeable batteries losing their maximum energy capacity due to frequent recharges after only being partially discharged is referred to as memory effect. • Fast Charging: Lithium-ion batteries charge faster than other rechargeable batteries including lead acid, nickel-metal hydride, and nickel-cadmium. • Longer Lifespan: Li-ion batteries have a longer life span than conventional batteries. Certain lithium ion batteries lose 30% of their capacity after 1000 cycles, but sophisticated lithium ion batteries retain their capacity even after 5000 cycles. • Low Maintenance: Lithium-ion batteries do not need to be maintained in order to function properly. • High Open-Circuit Voltage: Due to their chemistry, Li-ion batteries have a higher open-circuit voltage than other batteries such as lead acid, nickel-metal hydride, and nickel-cadmium. The India lithium-ion battery market is estimated to develop at a robust CAGR of 29.26 percent over the forecast period of 2018-2023. The Indian automobile sector is one of the country's most vital, contributing for around 7% of the country's GDP. In April-March 2017, the industry produced 25.31 million vehicles, including commercial, passenger, two- and three-wheeled vehicles, and commercial quadricycles, compared to 24.01 million in the same period last year. The Indian automobile sector is one of the country's most vital, contributing for around 7% of the country's GDP. In April-March 2017, the industry produced 25.31 million vehicles, including commercial, passenger, two- and three-wheeled vehicles, and commercial quadricycles, compared to 24.01 million in the same period last year. The Indian government is focusing on energy diversification and striving to achieve its lofty goal of 175 GW of renewable capacity by 2022. India's total solar PV capacity has topped 10 GW, an almost fourfold growth since May 2014 levels, with another 14 GW pipeline project knocking on the door and another 6 GW to be auctioned soon. Similarly, India's wind power capacity is expected to double to 185 GW by 2025, representing an eight-fold increase over 2015 and accounting for nearly 14% of the country's renewable energy demand. Large-scale renewable energy deployment in the country faces significant ramping and intermittency difficulties, which can be overcome by widespread use of lithium-ion batteries as energy storage devices. | |
| Plant capacity: 150 Nos per day | Plant & machinery: 155 Lakhs |
| Working capital: - | T.C.I: Cost of Project: 708 Lakhs |
| Return: 27.00% | Break even: 63.00% |
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