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Neoshy Singh

Student • 1y

Boom of EV and how can India beat it's competition? (Part-3) Before jumping into India's role in EV revolution, we need to understand current market leader i.e. China. So china has stacks in world's biggest hard rock lithium mine - Green Bushes Mine in Australia and second largest share holder in Chilean mining company - SQM Co. In addition, China's Ganfeng Lithium Co. controls 51% Argentinan Lithium project and they invested in Bolivian Lithium reverses. In total, China control over $1 trillion supply market of lithium which itself is a big deal. Secondly, they have refining capabilities which any other country does not have it yet. In total, they control 60% of the global lithium refining capabilities and manufacture 75% (148/200) of the total batteries. So the question over here is - why does the world let China dominate this market? We could have recycled it and resell it. The reason is there recycling capabilities which is 66% in total.

5 replies8 likes

Replies (5)

Nawal
•

SELF • 1y

China can provide cheap labour for these kind of stuffs . Im sure that's the reason and many other political reasons which are not available in public domain 👀.

1 replies

Anonymous 1

Hey I am on Medial • 1y

We have found a lithium mine in India too (Ladakh). That will help the EV revolution.

1 replies

Giggity

Memes,games, startup... • 1y

Lol Chinese government give subsidies to its car manufacturers and car manufacturers can cut prices of their cars byd got 2 or 3 billion dollar worth of subsidies

0 replies

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Boom of EV and how can India beat it's competition? (Part-2) Well in any industry, there is a start product which makes up the most of the system, here we have lithium which is used to make cathode of the battery. Here location where lithium is fo

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🤯 WTF ! Is there is any compression ? 🇨🇳 Total businesses in china is - 169 million 🇮🇳 Total businesses in India - 2.6 million

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