| |SEPTEMBER 20229The focus on developing battery technologies locally gives a huge fillip to EV adoption across price sensitive markets like India and creates opportunities to penetrate even the hinterlands by reducing costs throughout the life cycle of the battery. Moreover, every single battery comes with an end life, and brings with it the question of safe dis-posal or recycling. Battery companies and vehicle OEMs will need to have an effectual end-of-life strategy. Aggressive investments in developing full stack li-ion battery recycling technology to recover battery raw ma-terials makes Lohum a key driver of growth in the global battery ecosystem. Lohum's life cycle model is defined by two core tech-nologies--battery re-use (second life) and battery material extraction (recycling). The process sounds simple on pa-per- gathering used batteries and reuse them to create new battery packs for low-power applications among vehicles such as e-rickshaws and storage applications- but involves a lot of research and obstructions to filter good from the dead.The major problems faced by manufacturers is an over-dependency on international suppliers for a continu-ous supply of good quality cells for battery packs or secur-ing raw materials for making cells. Lohum's supply chain solution targets exactly those two areas of struggle by de-livering cells and rare earth materials that will keep the battery manufacturing supply chain fulfilled. Reusing and recycling results in stabilizing the supply chain, alleviating resource constraints and eventually in creating a circular economy. This results in a huge positive impact on environment by reducing carbon credits and conserving valuable raw materials.As the industry starts assuming scale, there will be a need for greater automation, better OEM and customer service and enhanced standards across the ecosystem. We are still in early days of the market but I do see India becoming a competitive alternative to China for supplying Lithium Ion Battery Packs to the entire world. There certainly are hurdles to overcome, but the poten-tial is immense both in terms of job opportunities as well as bringing much needed export revenues to the country. Reusing and recycling results in stabilizing the supply chain, alleviating resource constraints and eventually in creating a circular economy. This results in a huge positive impact on environment by reducing carbon credits andconserving valuable raw materials
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