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Battery Makers

After GM backs out, Toyota aids LG battery plant with $1.5 billion order

GM said in December it would sell its $1 billion stake in the Lansing, Michigan, plant, leaving LG scrambling to find new customers

After GM backs out, Toyota aids LG battery plant with $1.5 billion order
Updated On : 18 Feb 2025 | 11:21 PM IST

Reliance Infra to enter RE manufacturing space with solar, battery plants

Reliance Infrastructure (RInfra) is entering into the renewable energy (RE) equipment manufacturing space to increase its business portfolio, industry sources said. The Reliance Group company has already appointed Ivan Saha as Chief Executive Officer (CEO), Renewable Manufacturing, and Mushtaque Hussain as Chief Executive Officer (CEO), Battery Manufacturing, they said. "RInfra is making strategic entry into the renewable energy manufacturing industry," sources said. The company would set up an integrated solar manufacturing unit with the objective to boost the production of solar panels and components in India, promoting self-sufficiency in clean energy. Solar manufacturing will be led by Saha, who comes with over 30 years of experience in semiconductors and solar technology and device design. He has served organisations like Vikram Solar and ReNew Power. Its integrated battery manufacturing unit will focus on developing advanced energy storage solutions for grid applications and

Reliance Infra to enter RE manufacturing space with solar, battery plants
Updated On : 18 Feb 2025 | 4:06 PM IST

Chinese companies control around 75% of Indonesian nickel capacity

Indonesia's 8 million metric tonne refining capacity was distributed across 33 companies, but ownership tracing showed shareholder overlap, and ultimately Chinese companies control

Chinese companies control around 75% of Indonesian nickel capacity
Updated On : 05 Feb 2025 | 1:56 PM IST

Panasonic raises battery unit's outlook, pursues group management reform

The company will also seek to improve group profitability by more than 300 billion yen ($1.93 billion) and achieve a return on equity of over 10 per cent by the fiscal year ending March 2029

Panasonic raises battery unit's outlook, pursues group management reform
Updated On : 04 Feb 2025 | 6:44 PM IST

Exide, Amara Raja stocks rise as Budget 2025 proposes custom duty exemption

Budget 2025 analysis: During the Union Budget 2025 speech, Finance Minister Nirmala Sitharaman said today that battery-related raw material will be exempted from custom duties

Exide, Amara Raja stocks rise as Budget 2025 proposes custom duty exemption
Updated On : 01 Feb 2025 | 12:30 PM IST

LG Energy Solution plans to cut capex on slowing EV demand after Q4 loss

The company, which makes batteries for Tesla, General Motors and Volkswagen, reported an operating loss of 226 billion won ($158 million) for the October-December period

LG Energy Solution plans to cut capex on slowing EV demand after Q4 loss
Updated On : 24 Jan 2025 | 2:18 PM IST

IESA projects $500 mn investment in India's battery, mobility ecosystem

Industry body India Energy Storage Alliance (IESA) has projected USD 500 million investment in Indian battery and mobility startup ecosystem within a year. This investment will drive new innovations, research and development, and advancements in products manufactured by these startups, IESA said in a release. Besides, this investment will also benefit a range of companies involved in Battery Management Systems (BMS), safety management, and component manufacturing. The IESA organized the Start-Up Connect program in collaboration with Hero MotoCorp, during the Bharat Battery Show, part of the Bharat Mobility Global Expo 2025. During the Start-Up Connect program, Panneerselvam Madanagopal, CEO of MeitY Startup Hub, demonstrated how India can collaborate with government entities to support the growth of this ecosystem jointly. In addition, IESA is actively working to promote the start-up ecosystem through its start-up and innovation program, which is already collaborating with 400 ...

IESA projects $500 mn investment in India's battery, mobility ecosystem
Updated On : 22 Jan 2025 | 5:06 PM IST

Shares of Asian car and battery makers decline as Trump gets to work

The volatility in Asian shares within hours of Trump's inauguration highlights how policy shifts under Trump could squeeze big manufacturers in some of Washington's closest allies in the region

Shares of Asian car and battery makers decline as Trump gets to work
Updated On : 21 Jan 2025 | 11:26 AM IST

Some Asian car and battery makers hit as US President Trump gets to work

But Chinese manufacturers bucked the trend, with stocks opening higher after Trump did not target China in his inauguration speech or immediately impose tariffs

Some Asian car and battery makers hit as US President Trump gets to work
Updated On : 21 Jan 2025 | 10:03 AM IST

Urja Mobility launches B2C battery leasing programme in 10 cities

EV solutions startup Urja Mobility on Monday announced the launch of its B2C battery leasing program, targeting e-rickshaw drivers in 10 cities of the country. The initiative "Smart Opex Model" provides drivers access to Lithium-Ion batteries, which offer longer life cycles, minimal maintenance, and enhanced thermal performance compared to traditional Lead Acid options, the company said. The cities included in the initial phase are Agra, Lucknow, Ayodhya, Varanasi, Kanpur, Prayagraj, Siliguri, Guwahati, Bhubaneswar, and Puri. Urja Mobility said these strategic locations have a high EV adoption pace and significant tourist traffic, enabling drivers to maximize asset utilisation. "This initiative represents a significant step forward in making electric mobility accessible and affordable for e-rickshaw drivers. By providing a cost-effective, reliable, and sustainable battery solution, we aim to empower drivers and contribute to India's vision for a greener future," said Commenting on

Urja Mobility launches B2C battery leasing programme in 10 cities
Updated On : 20 Jan 2025 | 4:45 PM IST

Obligations on battery producers to increase recyclers profitability: CPCB

Financial penalties for failing to meet extended producers' responsibility obligations encourage battery recyclers and increase their profitability, said an official on Saturday. Addressing India Battery Recycling and Reuse Summit 2025, in the run-up to Bharat Battery Show, Central Pollution Control Board Director V P Yadav said,"Considering all the challenges faced by recyclers, we have designed a system in which producers who fail to meet their obligations will face financial penalties." These penalties will ultimately benefit the recyclers, as they generate credits that are then transferred to producers in exchange for compensation, he explained. "We are also encouraging recyclers because we understand that without profitability, the recycling business will not thrive. Therefore, our efforts are driven by economic factors", Yadav said at the summit organised by industry body India Energy Storage Alliance (IESA). Bharat Battery Show is a part of Bharat Mobility Global Expo 2025 .

Obligations on battery producers to increase recyclers profitability: CPCB
Updated On : 18 Jan 2025 | 6:02 PM IST

Fire at California battery plant forces evacuation, highway closure

A major fire burning Friday at one of the world's largest battery storage plants in Northern California is sending up flames of toxic smoke, leading to the evacuation of 1,700 people and the closure of a major highway. The blaze in Moss Landing started Thursday. Fire crews were not engaging with the fire but were waiting for it to burn out on its own, The Mercury News reported. The blaze was still burning early Friday and it had not gone beyond the facility, according to Monterey County spokesperson Nicholas Pasculli. As of late Thursday, a few dozen people were at a temporary evacuation centre and the rest had gone to friends or family or made other arrangements, Pasculli said. The Moss Landing Power Plant, located about 77 miles (125 kilometres) south of San Francisco, is owned by Texas-based company Vistra Energy and contains tens of thousands of lithium batteries. The batteries are important for storing electricity from such renewable energy sources as solar energy, but if the

Fire at California battery plant forces evacuation, highway closure
Updated On : 17 Jan 2025 | 11:39 PM IST

Waaree Energies board approves Rs 850 cr investment in energy facilities

Waaree Energies Ltd on Monday said its board has approved three investment proposals aggregating Rs 850 crore to set up electrolyser and storage cell manufacturing facilities. The board also approved capital expenditure (capex) of Rs 130 crore in invertor business through its wholly-owned subsidiary Waaree Power Private Limited. The board approved "capital expenditure of Rs 551 crore and investment of Rs 200 crore for 300 MW electrolyser manufacturing plant in its wholly-owned subsidiary Waaree Clean Energy Solutions, under the PLI Scheme," Waaree Energies said in an exchange filing. It also approved a capital expenditure of Rs 2,073 crore and an investment of Rs 650 crore for setting up a 3.5 GWh Lithium-Ion Advanced Chemistry Storage Cell manufacturing plant in its wholly-owned subsidiary Waaree Energy Storage Solutions. The capex will be funded by a mix of debt and internal accruals, the company said. The board further approved the appointment of Amit Paithanka, Chief Executive

Waaree Energies board approves Rs 850 cr investment in energy facilities
Updated On : 23 Dec 2024 | 3:59 PM IST

LG Energy Solution, JSW discuss $1.5 bn EV battery manufacturing venture

The two companies have signed an initial agreement to form an equal partnership in which LGES will contribute the technology and equipment for making batteries and JSW will invest money

LG Energy Solution, JSW discuss $1.5 bn EV battery manufacturing venture
Updated On : 17 Dec 2024 | 5:10 PM IST

US finalises $9.63 billion loan for Ford, SK On joint battery venture

BlueOval SK said it has invested more than $11 billion to date in the construction of the three 4-million-square-foot facilities and plans to begin production at the first Kentucky plant in 2025

US finalises $9.63 billion loan for Ford, SK On joint battery venture
Updated On : 16 Dec 2024 | 9:08 PM IST

Over 100 global firms to showcase innovations at Bharat battery show in Jan

Over 100 global firms from countries like the US, Japan, China and India will showcase cutting-edge innovations at the Bharat Battery Show in January 2025. The second edition of the Bharat Battery Show (as part of the Bharat Mobility Global Expo 2025) is shaping up very well with the global participation of companies from various countries, a statement said. According to the statement, a Singaporean delegation will visit the global expo to explore Indian market opportunities. Bharat Mobility, led by the Ministry of Commerce and Industry, is a landmark event. It is set to bring together over 1,000 exhibitors and attract more than 5,00,000 visitors from over 50 countries, it added. Over 100 global companies from the US, Japan, Korea, Singapore, China, and India will showcase cutting-edge innovations at the Bharat Battery Show, the statement said. The India Energy Storage Alliance (IESA), a prominent industry partner for the mega event, will play a key role by hosting the Bharat Batt

Over 100 global firms to showcase innovations at Bharat battery show in Jan
Updated On : 09 Dec 2024 | 4:04 PM IST

Foxconn is likely to open its second-largest battery plant in Tamil Nadu

The Tamil Nadu government has approached the company with a proposal to offer 200 acres of land for the plant and incentives as talks reach final stages

Foxconn is likely to open its second-largest battery plant in Tamil Nadu
Updated On : 27 Nov 2024 | 12:08 PM IST

Chinese battery giant CATL would build US plant if Trump allows it

Trump wants to prevent Chinese auto imports but has said he remains open to Chinese automakers building vehicles in US

Chinese battery giant CATL would build US plant if Trump allows it
Updated On : 13 Nov 2024 | 11:22 AM IST

China's Nio plans to sell its first hybrid car model overseas only by 2026

Development of the extended range hybrid, under the Firefly brand, stems from suggestions by Nio's main investor, Abu Dhabi investment vehicle CYVN Holdings

China's Nio plans to sell its first hybrid car model overseas only by 2026
Updated On : 04 Nov 2024 | 10:22 AM IST

JSW Group, Korea's POSCO announce deal to set up steel plant in India

Joint venture will collaborate in renewable energy, battery materials for electric vehicles

JSW Group, Korea's POSCO announce deal to set up steel plant in India
Updated On : 30 Oct 2024 | 12:11 AM IST