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Lithium Ion Battery(lifepo4) Business Plan

Lithium ions travel from the negative electrode to the positive electrode during discharge and then back to the negative electrode during charging in a lithium-ion cell, also known as a Li-ion battery. Alternative cathode materials based on elements other than cobalt or manganese have been developed due to safety concerns. Lithium iron phosphate is one of these materials. This material has several advantages over other cathodes, including the ability to withstand higher charge/discharge currents without deterioration, the ability to cycle more times than other battery types, and a low self-discharge rate. In fact, a fully charged LiFePO4 battery will keep 90% of its capacity after three months of idleness. They are useful for solar energy storage systems and electric vehicles when extended intervals between charges are foreseen (EVs). Features: The following are some of the benefits of lithium iron phosphate batteries: • Lower discharge rate • Higher power density • A discharge curve that is straight • Less expensive heating • Charge cycles have been increased. • enhanced safety Lithium iron phosphate batteries are distinguished from other lithium-ion batteries by their ability to maintain a constant voltage and a charge cycle of 2000 to 3000 cycles. LFP batteries are a wonderful choice because they are both environmentally friendly and structurally sound. They have a modest rate of discharge and a low energy density. Phosphate-based technology is safer since it is more thermally and chemically stable than Lithium-ion technology created using other cathode materials. Lithium phosphate batteries are incombustible in the event of charge or discharge mismanagement; they are more stable in overcharge or short circuit situations, and they can withstand high temperatures without degrading. If the phosphate-based cathode material is treated incorrectly, it will not ignite or induce thermal runaway. Phosphorus chemistry has a longer cycle life. Benefits of LiFePO4 Batteries: LiFePO4 batteries have a high discharge rate due to their lack of internal resistance. They can thus be utilised to power autos and other electrical devices. Lithium-ion batteries, which are often found in computers and cell phones, can be made smaller and more compact. If they are damaged or overheated, they are also less prone to catch fire. The lithium concentration of these batteries, according to some experts, may help to lessen the health concerns linked with nickel and cadmium, two chemicals often found in traditional batteries. Finally, LiFePO4 batteries are regarded greener than many other types of rechargeable batteries because they do not contain cobalt, a rare metal that is commonly mined in war zones or under hazardous conditions. Uses and Applications: • Large electric vehicles include buses, electric automobiles, tour buses, hybrid vehicles, and other attractions. • Electric bicycles, golf carts, miniature cars, forklifts, and cleaning wheelchairs for electric vehicles are examples of light electric vehicles. Power tools include lawn movers, electric saws, and electric drills. • Toys that can be controlled remotely, such as cars, boats, and planes • Storage systems for solar and wind energy. • Warning lights, UPS, and miner's lamp are examples of emergency lights. • Small and portable medical instruments and equipment. • Laptop computers, cell phones, camcorders, iPods, and other modern equipment are widely used. • Lithium ion batteries are used in a range of cutting-edge electric vehicles, including the first of its kind, the Tesla Roadster. Market Size in India: The India lithium-ion battery market is estimated to grow at a robust CAGR of 29.26% over the forecast period of 2018-2023. The Indian automobile sector is one of the country's most important, contributing for about 7% of GDP. The industry produced 25.31 million cars in the first quarter of 2017, compared to 24.01 million the previous year, including commercial, passenger, two- and three-wheeled vehicles, and commercial quadricycles. In contrast, India has set a lofty target of having only electric vehicles (EVs) by 2030, which is expected to increase lithium-ion battery consumption in the country. Market Size Globally: The market for Lithium Iron Phosphate (LiFePO4) batteries is predicted to grow to USD 15.25 million by 2028. In terms of revenue, the vehicle industry in 2020 will have overtaken the global industry. Throughout the projection period, Asia-Pacific is expected to be the greatest source of revenue for the global lithium iron phosphate battery business. Increased demand for LiFePO4 batteries from the automotive industry is propelling the industry forward. The use of lithium iron phosphate batteries has increased dramatically in recent years as the demand for battery electric cars has skyrocketed. The vehicle industry's rising demand for LiFePO4 batteries is a primary driver for the company. Its acceptance is expanding in lockstep with the acceptance and use of battery electric vehicles (EVs). Gasoline and diesel prices are expected to rise as fossil fuel stockpiles run out. Consumers are being pushed to switch to battery electric vehicles as a result of this, as well as the associated environmental issues. Technological advancements, growing smart device adoption, and stringent regulatory constraints all contribute to the need for batteries over the forecast period. The battery sector is growing as a result of increased use of LiFePO4 batteries in renewable energy storage systems, expanding consumer electronics demand, and the resulting stringent government requirements. Industry Major Market Players • A123 Systems LLC. • Bharat Power Solutions • BYD Company Ltd. • CENS Energy Tech Co., Ltd. • Electric Vehicle Power System Technology Co., Ltd. • Formosa Energy & Material Technology • GS Yuasa Corporation • K2 Energy • LiFeBATT, Inc. • LITHIUMWERKS, • OptimumNano Energy Co., Ltd. • Panasonic Corporation • RELiON Batteries • Samsung SDI Co. Ltd • Toshiba Corporation • Valence Technology Inc.
Plant capacity: Lithium Ion (LiFePO4) Battery Back of Power 4.8 KWH (No. of Cells 800) for Three Wheeler: 26 Nos Per Day Lithium Ion(LiFePO4)Battery Back of Power 18 KWH (No. of Cells 3000) for Four Wheeler: 24 Nos Per Day Plant & machinery: 289 Lakhs
Working capital: -T.C.I: Cost of Project: 970 Lakhs
Return: 29.00%Break even: 54.00%
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