valve regulated lead acid battery Working on lithium-ion technology for EVs: Exide

New Delhi: lithium is being developed by battery manufacturer Exide Industries-
Ion technology that meets the needs of the electric vehicle industry, although it believes that even if electric vehicles become popular, traditional lead-acid batteries will remain relevant.
The company says lithium
Ion technology is penetrating into the market, and the lower price makes it feasible in many fields, which may pose a challenge to traditional batteries.
"Your company has also been pursuing the development of suitable lithium --
The director of the company informed shareholders in the annual report of 2017: "ion technology is applicable to applications in the country, especially the emerging demand for electric vehicles18.
The company added that the prototype has been assembled and is undergoing laboratory and on-site testing and subsequently submitted for regulatory certification.
"This work is being carried out closely under the technical cooperation and guidance of IIT Madras and related organizations," the report said . ".
The company says it has a license to use and manufacture battery packs and modules that use lithium
Ion technology for various applications developed by Electric Vehicle centers, IIT Madras and Grinntech motors and services.
It added that the license will take effect from August 28, 2017 and will be valid until August 27, 2027 and technology absorption is in progress.
Commenting on future opportunities and threats, the report said: "Contrary to the prevailing view, your company believes that lead-acid batteries will remain relevant even in the field of electric vehicles.
"Most electric vehicles have a 12 v lead-acid battery as an auxiliary battery for SLI (starter, lighting and ignition) applications.
Unless there is a major change in technology, lead-acid batteries will continue to be the most reliable and economical power source for vehicles, the company said.
At the same time, the updated lead-acid battery technology is also redefining the performance limit of the battery.
"The current growth in car sales has turned into medium and long-term growth --
"The opportunity to sell replacement batteries," the company said . ".
Rapid growth of e-commerce
The company added that the number of rickshaws continued to increase and quickly became a huge source of business for after-sales.
However, Exide Industries says it relies on several other Industries, such as cars, power and manufacturing, which makes it vulnerable to the performance of these Industries.
Regarding risks and concerns, the company said: "There are risks in new battery technologies such as lithium batteries
Ion technology is penetrating into the market, and its lower price makes it feasible in many fields.
"Emerging areas such as electric vehicles, solar energy and telecom are expected to catch up with the penetration of lithium --
The company added.
State that it has implemented lithium-
Exide says it has a strategy to tap into the market potential and takes advantage of the power of collaborators that technology transfer plans are in place.