Altmin Launches India's First LFP Cathode Manufacturing Facility

Hyderabad-based Altmin is building India's first factory to produce lithium iron phosphate (LFP) cathode active material, the single most expensive component in a battery cell, which India currently imports almost entirely. This is critical supply chain localization; EV and battery builders should track Altmin's capex timelines and price competitiveness—domestic cathode production could unlock cost advantages for Indian EV makers.

Source: YourStory ↗