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Some most expensive and important components of electric vehicles are the Lithium ion batteries. You can say lithium-ion batteries are the heart of an electric vehicle system because we know around 40 to 50 percent of overall cost only because of Lithium ion batteries. Between 2025 Lithium ion batteries demand for EV application is going to skyrocket as per Government of India we need at least 10 gwh power of lithium-ion cells by the year of 2022 and about 60 gwh energy    by 2025 and 120 gwh by 2030. Epsilon advanced materials Epsilon advance material is the first Lithium ion cell manufacturing company in India they have set up the first Lithium ion in the initial stage they had started their manufacturing mainly for the graphite anode material for lithium ion battery now they are planning from July 2021 they will start the cathode material manufacturing .according to Epsilon advance material they will first of all to invest 60 billion rupees to produce over 1 lakh tones of synthetic
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Lithium-ion batteries have a higher energy density, especially the battery module, in the event of an accident, conventional means can not effectively control the rapid spread of heat or prevent the continuous explosion of the battery, which may have serious consequences. Especially in the case of lithium batteries burning or exploding during air transportation, the consequences to passengers and aircraft would be very serious or even catastrophic. So how exactly did the lithium battery accident happen, let’s look at the characteristics of the lithium battery itself. Lithium battery characteristics 1 High Energy Lithium battery is a high-energy item, if it catches fire and explodes, the danger is enormous. Take the 300Wh/kg square lithium ion battery for example, 1kg square lithium battery contains 1.08 × 10 6J of energy; 1g TNT can release 4184J of energy, the conversion shows that the energy contained in 1kg square lithium battery is equivalent to about 258g TNT, the energy contained
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