Lithium-ion battery recycling and refurbishing firm LICO Materials on Friday announced the inauguration of a battery recycling facility in Bengaluru and said it will invest Rs 250 crore in its downstream hydrometallurgy plant in next two-three years. The 4 GWh per annum in-feed capacity plant in Bengaluru will address the challenges of securing a stable supply of critical materials and contribute to India's ambition of achieving 30 per cent electric vehicle (EV) adoption by 2030, LICO said. The company said it aims to scale up capacity at the facility to 10 GWh in the next 3-4 years. With India's EV industry expected to grow by 250 per cent and energy storage sector to reach 42GW by 2032, recycling of used batteries will play a crucial role in recovering critical minerals to support the battery circular economy, according to the company. "The new facility marks a significant milestone in our journey to redefine lithium-ion battery recycling and repurposing in India. As we scale up
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
Battery material manufacturer Epsilon Advanced Materials on Thursday said it has joined hands with South Korean firm Daejoo to develop a Silicon-Graphite composite to boost lithium-ion battery discharge capacity. Under the joint programme, the companies have set an ambitious target of developing materials for lithium-ion batteries with 450 - 600 mAh/g capacity to increase their discharge capacity by 50 per cent and life span by thousands of cycles, Epsilon said. As part of the collaboration, Epsilon will supply synthetic Graphite, which will be used to create and evaluate Silicon-monoxide -Graphite composites in Daejoo's laboratories. Daejoo, on its part, will provide samples for the same purpose, allowing Epsilon to tailor and test Silicon monoxide-graphite composites in its own labs, it said, adding the two partners aim to qualify these materials with their customers to develop innovative products. The first stage development and evaluation of the composite material are expected
India attends IPEF Supply Chain Council, Crisis Response Network in Washington
Luxury car maker Mercedes-Benz India on Monday expanded its Battery Electric Vehicle (BEV) range in the country with the launch of the locally produced EQS 580 4MATIC. India is the first country outside the US to start the local production of the seven-seater electric SUV. EQS SUV 580 4MATIC is the second model, after the EQS sedan, to be locally produced at company's Pune-based manufacturing plant. "This will be our sixth EV in India, and the second car to be locally produced in India. We are also proud that India becomes the first market out of the US to locally manufacture the EQS," Mercedes-Benz India Managing Director and CEO Santosh Iyer told PTI in an interaction. The move to manufacture the product locally outlines the company's commitment to electrification and increasing product portfolio offering choices to customers, he added. "EQS SUV's localisation underpins our deep commitment to grow the Indian luxury electric car market and reinforce our commitment for a greener a
Devices powered by lithium-ion batteries are overheating more often during airline flights and passengers often put them in checked bags that go into the cargo hold, where a fire might not be detected as quickly. Overheating incidents rose 28 per cent from 2019 to 2023, although such events remain relatively rare, UL Standards said in a report released on Monday. E-cigarettes overheated more often than any other device, based on reports from 35 airlines, according to the report. In 60 per cent of the cases, the overheating called thermal runaway happened near the seat of the passenger who brought the device on board. In July, a smoking laptop in a passenger's bag led to the evacuation of a plane awaiting takeoff at San Francisco International Airport. Last year, a flight from Dallas to Orlando, Florida, made an emergency landing in Jacksonville, Florida, after a battery caught fire in an overhead bin. More than one-quarter of passengers surveyed for the study said they put vapin
Park Soon-kwan, the CEO of Aricell, which is majority owned by S-Connect, apologised after the fire
This strategic move by Tata Motors comes amid industry-wide challenges in the EV market, including a decline in sales and increased competition
Exide embarked on the journey to set up the facility in 2021
The government in February 2023 found its first lithium deposits in Jammu and Kashmir with estimated reserves of 5.9 million metric tons.
In January, KABIL signed a $24 million lithium exploration pact for five blocks in Argentina
Solid-state batteries are expected to offer improved safety, a longer lifespan and faster charging compared with conventional lithium-ion batteries that use flammable liquid electrolytes
So far in Argentina, the lithium industry has centered on the provinces of Jujuy, Salta and Catamarca
The fire at unlisted battery maker Aricell on Monday was one of the deadliest industrial accidents in recent years
One of India's leading manufacturing multinationals, Bharat Forge, on Tuesday called for a more innovative approach to electric vehicles (EVs) in the country's climate action agenda which is not based on copying China's battery-based model. Addressing India Global Forum's Climate and Business (ClimB) session in London, company vice-chair and joint managing director Amit Kalyani pointed to great potential to incorporate inductive electric charging as the highway infrastructure takes shape around the country. He highlighted that the higher price tag of EVs is largely down to the cost of the batteries and having an alternative model will have a significant impact on sales of the more environmentally-friendly mode of transport. "I believe that we are all following the wrong model because everybody is copying what China did and is using the Chinese template for electric vehicles, which is a battery-based electric model, said Kalyani. "Most countries like India, where we are building ...
The fire on Monday, which began at a factory with 35,000 lithium batteries, produced thick smoke that spread quickly
Li also said on Tuesday that he was confident the world's second-largest economy would hit its full-year economic growth target of around 5 per cent
Amara Raja Advanced Cell Technologies Pvt Ltd on Monday said it has signed a licensing agreement with GIB EnergyX Slovakia s.r.o., for lithium-ion cells technology. As part of the agreement, GIB EnergyX, a subsidiary of Gotion High-Tech Co Ltd, will license Gotion's 'LFP technology' for lithium-ion cells to Amara Raja Advanced Cell Technologies (ARACT), a wholly-owned arm of Amara Raja Energy & Mobility Ltd (ARE&M), the company said in a statement. "This comprehensive agreement enables Amara Raja to manufacture world-class LFP cells in both cylindrical and prismatic form factors," it added. The scope of licensing provides access to cell technology IP, support in establishing gigafactory facilities conforming to the latest generation process technologies, integration with Gotion's global supply chain network for critical battery materials, and customer technical support for solution deployment, the statement said. "We firmly believe that India will be one of the fastest growing
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 .
Live TV footage showed firefighters spraying the damaged steel and concrete building