Page 2 - Battery Makers

China's EV battery giants CATL, BYD eye stationary energy storage market

Tesla's Shanghai plant will be able to make 10,000 Megapacks a year with a combined 40 GWh of storage capacity

China struggles to make use of boom in energy storage, calls for even more

Some industry insiders and experts say pricing reforms and technology improvements are needed for a storage sector

California drives US utility-scale battery storage growth in power systems

Total battery storage capacity in the US is currently estimated at around 17.5 GW

S Korean authorities order battery maker to halt ops over deadly fire

The fire at unlisted battery maker Aricell on Monday was one of the deadliest industrial accidents in recent years

S.Korean battery maker apologises for deadly fire, says complied with rules

The fire on Monday, which began at a factory with 35,000 lithium batteries, produced thick smoke that spread quickly

Industry body seeks PLI expansion, cut in GST on batteries, charging infra

Industry body India Energy Storage (IESA) has demanded that the government reduce the goods and services tax (GST) on batteries and electric vehicles charging infrastructure services as well battery swapping. Ahead of the India Energy Storage Week 2024 (IESW) in New Delhi from July 1-5, 2024, the IESA also suggested expansion of production-linked incentive (PLI) schemes for battery components and battery raw materials processing industry, in a wishlist submitted to the government, a statement said. "Lithium ion batteries current GST rate is 18 per cent and other batteries is 28 per cent. We want all batteries to come under the 18 per cent GST bracket. Charging infra services and battery swapping services should be reduced to 5 or 18 per cent from the existing 28 per cent," IESA President Rahul Walawalkar said in the statement. He lauded the government for the initiatives like advanced chemistry cell battery (ACC-PLI), Auto-PLI, Auto Components PLI, etc. He suggested further expansi

Fire at South Korean battery unit kills 22, mostly Chinese migrant workers

A fire likely sparked by exploding lithium batteries swept through a manufacturing factory near South Korea's capital on Monday, killing 22 mostly Chinese migrant workers and injuring eight, officials said. The fire began after batteries exploded while workers were examining and packaging them at the second floor of the factory in Hwaseong city, just south of Seoul, at around 10:30 am, fire officials said, citing a witness. They said they would investigate the cause of the blaze. The dead included 18 Chinese, two South Koreans and one Laotian, local fire official Kim Jin-young told a televised briefing. He said the nationality of one of the dead couldn't be immediately verified. In the past few decades, many people from China, including ethnic Koreans, have migrated to South Korea to seek jobs. Like other foreign migrants from Southeast Asian nations, they often end up in factories or in physically demanding and low-paying jobs shunned by more affluent South Koreans. Kim also one .

Fire at South Korea battery plant claims 16 lives, five individuals missing

Live TV footage showed firefighters spraying the damaged steel and concrete building

Ola switches on electric vehicle battery cell tech pioneered by Tesla

Starts trial run with 4680 battery cells

Li-ion battery plants being built to flood mkts with more cells than needed

Manufacturers have announced so many new factories that capacity will outstrip demand for the rest of the decade

Battery maker Altmin in talks with Australia for lithium supplies

Altmin, India's only cathode active materials producer, currently sources lithium carbonate from Brazil and Bolivia

Amara Raja Q4 result: Net profit rises 62% to Rs 228 cr on strong demand

BENGALURU (Reuters) - Indian battery maker Amara Raja Energy & Mobility posted a rise in quarterly profit on Tuesday, helped by strong demand for its batteries from the automobile companies.

Dry cell battery maker Eveready Industries defers new category entry

Saha indicated that the RTM should be amenable to take on other categories

Exide Industries Q4 results: PAT up 37% to Rs 284 cr; sales at Rs 4,009 cr

Battery maker Exide Industries on Tuesday said its profit after tax rose 37 per cent to Rs 284 crore for the fourth quarter ended March 31, 2024. The company had reported a profit after tax (PAT) of Rs 208 crore in January-March period of FY23. Revenue from operations rose to Rs 4,009 crore in the period under review from Rs 3,543 crore a year ago. For the year ended March 31, 2024, the company posted a PAT of Rs 1,053 crore as compared with Rs 904 crore in 2022-23. Revenue from operations rose to Rs 16,029 crore as against Rs 14,592 crore in FY23. The company said its board has proposed a final dividend of Rs 2 per share for 2023-24. "Demand scenario was upbeat, and our diversified and technologically advanced product offerings helped us capture the opportunities across end customer markets," Exide Industries MD & CEO Subir Chakraborty said. Outlook is positive both for the automotive and industrial verticals and the company aims to deliver healthy sales growth and increase in

Reliance Industries, JSW Neo Energy in fray for 10 Gwh ACC Battery PLI

Ministry of heavy industries has received seven bids for re-auction

Hyundai, Kia tie up with Exide for electric vehicle battery localisation

The two auto majors plan to focus on the production of lithium iron phosphate cells. This will make them pioneers in the space

Battery cell demand for EVs to rise, India's reliance on imports continues

S&P Mobility said that while Maruti has a tiny EV market share, its battery cell demand is expected to be 20 per cent by 2035, as against Tata Motors at 22 per cent

GoodEnough Energy to invest Rs 450 cr in 20GWh BESS manufacturing plant

This investment will cover the manufacturing plant's costs, machinery purchases, and infrastructure establishment

GoodEnough Energy to invest Rs 450 cr to set up 20GWh equipment factory

Battery energy storage systems maker GoodEnough Energy will invest Rs 450 crore for setting up a 20 GWh per annum capacity plant in Jammu & Kashmir by 2026. Presently, the company is in the process to make its plant operational by October this year with initial battery energy storage systems (BESS) manufacturing capacity of 7GWh per annum. Talking to PTI on the sidelines of an event to unveil its BESS technology, founder of GoodEnough Energy Akash Kaushik said, "We have invested Rs 160 crore so far to create a BESS manufacturing facility of 7GWh. It will be operational by October this year." He informed that the company has chalked out a plan to invest Rs 450 crore for having a BESS manufacturing facility with total capacity of 20GWh per annum by 2026. In its endeavour to create a fully integrated ecosystem, the Gigafactory will produce advanced battery energy storage systems, empowering various industries to reduce carbon emissions. The company on Tuesday announced this largest .

Exide Industries further invests Rs 40 cr in advanced chemistry battery arm

Battery maker Exide Industries Ltd on Wednesday said it has further invested nearly Rs 40 crore in its wholly-owned arm advanced chemistry battery cells manufacturer Exide Energy Solutions Ltd. The investment of Rs 39,99,99,975 has been made by way of subscription in the equity share capital of Exide Energy Solutions Ltd (EESL), on rights basis, Exide Industries said in a regulatory filing. "With this investment, the total investment made by the company in EESL stands at Rs 1,965 crore. There is no change in the shareholding percentage of the company in EESL pursuant to such an acquisition," it added. EESL is in the process of setting up a plant for manufacturing and selling lithium-ion battery cells, modules and pack business. The further capital infusion is to fund the greenfield project and meet various funding requirements of EESL, the company said. EESL is into manufacturing battery cells of advanced chemistry and form factor, including but not limited to cylindrical, pouch,