Lithium Batteries in Electric Mobility
- The Government of India established Khanij Bidesh India Limited (KABIL), a joint venture by National Aluminium Company Limited (NALCO), Hindustan Copper Limited (HCL), and Mineral Exploration & Consultancy Limited (MECL), to acquire critical overseas mineral assets, including Lithium and Cobalt.
- KABIL signed an Exploration and Development Agreement with CAMYEN in Argentina to explore and mine five lithium blocks.
- The Production Linked Incentive (PLI) scheme incentivizes domestic and international players to establish competitive Advance Chemistry Cell (ACC) battery setups in India, aiming for reduced dependency on imports.
- Beneficiary firms must achieve at least 25% value addition within 2 years (Milestone-1) and 60% value addition ....
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