These 6 Chemical Companies Eyeing EV Batteries

Thaman Chhetri Jan 28, 2024

Lithium Ion Batteries are used in EVs, storage for renewable energy, and electronics.

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The target is to have battery cells and a capacity of 100 giga watt hour (GWh) by 2030.

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A total investment of ₹30,000 crore to ₹35,000 crore will be required to complete this.

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There are 6 companies that have their eyes on the EV battery value chain:

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Signed a strategic agreement with a global battery producer to foray into the electrolyte additives space.

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Spending 4800 Cr to setting up a facility to manufacture Lithium Ion Battery components.

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It signed a non-binding MoU with a global Electrolyte manufacturer.

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Recently an agreement to acquire the electrolytes manufacturing technical license.

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Will manufacture batteries for EVs using their fluorine chemistry skills to make battery chemicals.

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It hasn't addressed EV chems. directly but hints at a potential link between Soda Ash and Lithium.

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These 6 Chemical Companies Eyeing EV Batteries

Lithium Ion Batteries are used in EVs, storage for renewable energy, and electronics.

The target is to have battery cells and a capacity of 100 giga watt hour (GWh) by 2030.

A total investment of ₹30,000 crore to ₹35,000 crore will be required to complete this.

There are 6 companies that have their eyes on the EV battery value chain:

Signed a strategic agreement with a global battery producer to foray into the electrolyte additives space.

Aether Industries Limited

Aether Industries Limited

Return 1Y: -5.19% | CMP: ₹ 848.15

Spending 4800 Cr to setting up a facility to manufacture Lithium Ion Battery components.

Himadri Speciality Chem.

Himadri Speciality Chem.

Return 1Y: 315% | CMP: ₹ 373

It signed a non-binding MoU with a global Electrolyte manufacturer.

Ami Organics Limited

Ami Organics Limited

Return 1Y: 25% | CMP: ₹ 1086

Recently an agreement to acquire the electrolytes manufacturing technical license.

Neogen Chemicals Ltd.

Neogen Chemicals Ltd.

Return 1Y: 16% | CMP: ₹ 1408.25

Will manufacture batteries for EVs using their fluorine chemistry skills to make battery chemicals.

Gujarat Fluorochemicals

Gujarat Fluorochemicals

Return 1Y: 38% | CMP: ₹ 3590

It hasn't addressed EV chems. directly but hints at a potential link between Soda Ash and Lithium.

Tata Chemicals Limited

Tata Chemicals Limited

Return 1Y: 5.62% | CMP: ₹ 1009