Some of the notable auto giants, such as Honda, Yamaha, KTM
and Piaggio have formed a consortium to develop a standardised swappable battery
system.
The new swappable battery system is seen as an alternative to
the conventional fixed batteries in electric vehicles. It will help to reduce the
final cost of the vehicle as well as the charging time of the batteries. Battery
swapping is a model wherein the discharged battery of an EV can be removed and exchanged
with a charged battery for quick and easy recharge.
The EV market in India is expected to reach over 63 lakh units
per annum by 2027, according to a report by Indian Energy Storage Alliance. Considering
the rise of EVs usage in the country, swappable battery manufacturing is a potential
business idea for MSMEs as well, which constitute a major share of the
automobile sector.
If you are interested in entering into EV or battery manufacturing
business, then kindly register with SolutionBuggy and get help from trusted and
verified manufacturing consultants.
Also Read: Manufacturing
Business Ideas in 2021
ConversionConversion EmoticonEmoticon