Should lithium-based batteries be a domestic supply chain?

Establishing a domestic supply chain for lithium-based batteries requires a national commitment to both solving breakthrough scientific challenges for new materials and developing a manufacturing base that meets the demands of the growing electric vehicle (EV) and stationary grid storage markets.

What do you need to know about lithium-ion battery safety?

Holding copies of product test reports that demonstrate the performance of safety mechanisms present in a lithium-ion battery, designed to protect against thermal runaway or the causes of thermal runaway as set out in section 4, and providing this documentation to an enforcement authority upon request.

How much financing do you need to start a battery manufacturing business?

The amount of initial financing required will of course depend on the size of your battery manufacturing business and the country in which you wish to set up. Financing your startup will probably require you to obtain a combination of equity and debt, which are the primary financial resources available to businesses.

How to start a battery manufacturing business?

The next step to start your battery manufacturing business is to use market research to check that there is indeed an opportunity to be seized. Let's take a look at what this involves. In a nutshell, doing market research enables you to verify that there is a business opportunity for your company to seize, and to size the opportunity precisely.

Is it illegal to put a lithium-ion battery on the market?

It is an offence to place a lithium-ion battery on the market if it is not a safe product. The Office for Product Safety and Standards (OPSS), as the UK’s national product regulator, and Local Authority Trading Standards, have powers to enforce the GPSR and there are sanctions, including criminal sanctions, for those that do not comply.

What equipment does a battery manufacturing business need?

Machinery and equipment: As a battery manufacturing business, you will need to invest in various types of machinery and equipment to produce your batteries. This may include mixing machines, filling machines, packaging machines, and more.