Only 30-40% of EV Supply Chain Localized: ICRA Updated On Thu, Feb 20th, 2025 by Saurenergy Investment Information and Credit Rating Agency, ICRA found that at present, only 30-40% of the EV supply chain is localized. There has been substantial localization in traction motors, control units, and battery management systems over the years, while battery cells, which constitute 35-40% of a vehicle’s cost, are still entirely imported. The relatively low localization […] Read more
