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This Week's China Plus – Wednesday, June 2, 2021

Our complete round up of business intelligence, news, opinion, and analysis from across the BRI, China, India, ASEAN, and Russia. ....

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India's PLI Scheme for ACC Battery Storage Manufacturing

India's clean energy and electric vehicle industries are to get a boost from the latest PLI scheme beneftting local ACC battery storage manufacturing. ....

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Crypto Crash or Correction? What is driving the global sell-off?

Crypto Crash or Correction? What is driving the global sell-off?
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PLI scheme on battery production to make India major hub, cut China dependence

PLI scheme on battery production to make India major hub, cut China dependence
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The PLI will also cut import dependence on China and increase local value addition in mobiles, electronics, automobile (EV) and the solar industry, the India Cellular and Electronics Association (ICEA) said in a statement Saturday.
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ACC batteries are the new generation of advanced storage technologies which store electric energy as electrochemical and convert it back to electric energy as and when required.
The government’s Rs 18,000- crore incentive scheme for advanced chemical cell (
ACC) battery production is the first major push to build capacity in core component technology, and will make India a global hub of clean energy, electronics makers say. ....

Pankaj Mohindroo , Electronics Association , India Cellular , Watt Hour , Pli Scheme , மின்னணுவியல் சங்கம் , இந்தியா செல்லுலார் , வாட் மணி , ப்லை திட்டம் ,

Cabinet approves Rs 18,000 cr PLI scheme for ACC batteries

Cabinet approves Rs 18,000 cr PLI scheme for ACC batteries
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IANS
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New Delhi, May 12 : The Union Cabinet has approved Production Linked Incentive (PLI) scheme, National Programme on Advanced Chemistry Cell (ACC) Battery Storage for achieving manufacturing capacity of 50 Giga Watt Hour (GWh) of ACC and 5 GWh of niche ACC, at an outlay of Rs 18,100 crore.
ACCs are the new generation of advanced storage technologies that can store electric energy, either as electrochemical or as chemical energy and convert it back to electric energy, as and when required. The consumer electronics, electric vehicles, advanced electricity grids, solar rooftop among others, which are major battery consuming sectors, are expected to achieve robust growth in the coming years. ....

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