Page 3 - Lithium Battery

GFCL EV to invest Rs 6,000 crore in next 4-5 years to ramp up production

Gujarat Fluorochemicals arm GFCL EV Products on Wednesday announced an investment of Rs 6,000 crore for increasing production capacity of electric vehicle battery materials in the next 4-5 years. The company is poised to enter high-demand regions of the US, Europe and India, according to a statement. The company has already initiated long-term tie-ups with renowned global customers, underscoring the confidence in its capabilities and offerings, the statement said. "GFCL EV Products (GFCL EV), a 100 per cent subsidiary of Gujarat Fluorochemicals...announced investment of Rs 6,000 crore (out of which approx. Rs 650 crore is already invested till December 31, 2023) over the next 4-5 years," it stated. "GFL's visionary investment and unwavering commitment to innovation highlight our pivotal role in shaping the future of the EV and ESS (Energy Storage System) battery industry," Vivek Jain, Chairman of INOXGFL Group, said in the statement. The company's current product portfolio include

Eveready Industries Q3 results: Profit jumps 55% on lower expenses

Lithium prices, a key raw material for battery makers, were down in the quarter, helping offset beleaguered rural demand for batteries and flashlights

60 battery, EV infra cos to participate in Bharat Mobility Global Expo

More than 60 battery, recycling, and electric vehicle infrastructure firms will participate at Bharat Mobility Global Expo to be held from February 1 to 3, to showcase their innovations, a statement said on Monday. Industry body India Energy Storage Alliance (IESA) is organizing a dedicated pavilion on battery technologies, recycling, and EV infrastructure as part of this global expo, an IESA statement said. More than 60 leading companies including Amara Raja, LivGuard, GODI Energy, Epsilon Advanced Materials, Bhilwara Group, Replus, Himadri Speciality Chemical, Trontek Group, and Battrix are participating in the event. "India is at the forefront of a transformative mobility revolution, and this expo serves as a testament to the nation's commitment to sustainable transportation," Rahul Walawalkar President, IESA and CES (Customized Energy Solutions) India said in the statement. The expo will showcase the diversity and innovation propelling emobility landscape, he added. "Central t

Ministry of environment releases SOP for lead-acid battery recycle

The SOP aims to regulate the import, transport, and recycling of lead-bearing waste while minimising environmental and health risks

Maruti Suzuki plans to start exports of EVs, lithium-ion battery this year

Maruti Suzuki India plans to start exporting Electric Vehicles (EVs) from India this year after launching them in the country, a senior company official said on Thursday. The company also expects to export lithium-ion battery cells and modules worth around Rs 750 crore this fiscal. "This year itself we will start exports of EVs to countries like Europe and Japan," Maruti Suzuki India Executive Director Rahul Bharti said at the Vibrant Gujarat Global Summit here. On the export of battery cells and modules, Bharti said, "We are exporting it to advanced countries like in Europe. We will be touching almost Rs 750 crore of lithium-ion advanced chemistry cells, battery packs and module exports this financial year." Automotive Electronics Power Private Ltd (AEPPL) -- a joint venture between Japan's TOSHIBA Corporation, Denso Corporation and Suzuki Motor Corporation, has a lithium-ion battery plant at Hansalpur in Gujarat. Maruti Suzuki procures the cells and models from the JV and export

China may achieve circular economy in EV batteries before EU, US: Study

Researchers have predicted that China could achieve a circular economy in electric vehicle batteries before Europe and the US. They said that 2059 onwards, China will be able to employ recycling to meet its own demand for primary lithium for electric vehicles, obtained through mining. However, Europe and the US will not achieve this feat until after 2070, the scientists from the University of Mnster, Germany, said. They conducted an analysis to find when the demand for the three most important raw materials for batteries -- lithium, cobalt and nickel - could be met entirely through recycling in Europe, the US and China and when a completely circular economy would be possible in this segment in these regions. The research team has published its findings in the journal Resources Conservation and Recycling. With regards to cobalt, the researchers found that China would be able to meet its needs through recycling after 2045, at the earliest, whereas in Europe and the US, this would no

Himadri Chemical to invest Rs 4,800 cr in Li-ion battery component facility

The company aims to produce 200,000 tonnes of lithium iron phosphate (LFP) cathode active material, catering to 100 GWh (gigawatt hour) of lithium-ion (Li-ion) battery

Govt to take serious note of dumping of lithium-ion battery waste: Gadkari

The government will take serious note of any report about ill effects of dumping lithium-ion battery waste on the environment and is promoting circular economy for recycling of various waste materials, Road Transport and Highways Minister Nitin Gadkari told Rajya Sabha on Wednesday. The issue of ill effect of lithium-ion battery waste dumping and on workers in manufacturing units of this storage system was raised by Congress member Ranjeet Ranjan during the question hour in the Rajya Sabha. In a supplementary question, Ranjan stated that there is a research report which highlights the ill effect on the health of workers involved in the process of manufacturing lithium-ion batteries. The report also shows that the dumping of these batteries after completing life cycle affects the environment and poisons earth and deteriorates soil fertility, she stated. In response, Gadkari said, "There is no such report or finding with us. If anything of such sort comes to our notice then we will .

Himadri Speciality to invest Rs 4,800 cr to make Li-ion battery components

Himadri Speciality Chemical also announced that it has completed the acquisition of a 100 per cent stake in Himadri Clean Energy Ltd

US sets limits on sourcing material from China to receive EV tax credits

The restrictions will apply to battery components next year, then include suppliers of key battery raw materials, such as nickel and lithium, in 2025

Japan firm TDK Corporation to make iPhone Li-ion battery cells in India

Commercial production to supply cells to Apple is expected to begin in the next 12-18 months

Toyota pledges $8 billion more for US battery plant to rev up EV push

The company, which plans to have electrified options for all its models available by 2025, said the latest move will bring its total investment in the plant to about $13.9 billion

1,200-km range, 10-min charge: Toyota near solid-state battery breakthrough

If successful, Toyota said that solid-state batteries will double the range of EVs up to 1,200 km, and the charging time will be 10 minutes or less

Powering up: India takes 'standardised' road to charge up electric vehicles

The implementation of a universal charging standard by the government would allow users to charge their EVs at any available charging station nationwide

Govt mulling another PLI scheme for batteries to bring down cost: Singh

The government will bring out another production-linked incentive scheme for batteries to bring down cost and boost the adoption of electric vehicles in India, union minister R K Singh said on Monday. Speaking at the EV (electric vehicles) Ready India Dashboard of OMI Foundation, the Union Power and New & Renewable Energy Minister said, "We are coming out with another production-linked incentive (PLI) to increase the volumes (of storage or battery)." He was of the view that the price of storage will come down with (higher) volumes. "Price of storage will come down only if you add volumes. That is why there is a production-linked incentive (PLI) for storage," he said. He pointed towards limited battery manufacturing capacity in the world and termed it as a reason for high prices. The minister opined that higher cost and lower driving range are issues in adopting EVs. The central government had approved the (PLI) scheme for manufacturing advanced chemistry cell (ACC) batteries at an

India Battery Manufacturing Vision aims 500GWh annual capacity by 2035

Industry body India Energy Storage Alliance (IESA) on Friday unveiled its 'India Battery Manufacturing Vision' targeting over 500GWh capacity by 2035, having potential to create over 2.6 million jobs and bring investment worth USD 35 billion in the country. IESA is focused on the development of advanced energy storage, green hydrogen, and e-mobility technologies in India. "IESA has also set a vision to further scale this capacity to over 500 GWh by 2035 considering the demand growth for both stationary storage and e-mobility in India," said Rahul Walawalkar, Chair, WESD, Founder and President of IESA, and president & MD, Customized Energy Solutions (CES) India, in a statement. He explained that with 'India Battery Manufacturing Vision', the country can generate over 2.6 million jobs and bring in USD 35 billion investments by 2035. IESA is anticipating that the first gigafactory (manufacturing facility that produces components linked to electrification and decarbonization ...

Reliance unveils swappable, multipurpose batteries for EVs for clean energy

The idea is that a person can use one battery for mobility as well as for powering appliances at home, company executives at the event said

Shyam Metalics to foray into lithium ion battery-grade aluminum production

City-based Shyam Metalics and Energy Limited on Monday announced its entry to battery-grade aluminum foil, a critical component in lithium-ion cells, anticipating growing demand from Indian companies foraying into the new-age batteries. The company is a producer and exporter of aluminum foil for various industrial applications with an annual production capacity of 20,000 tonnes per annum. The company officials, however, did not elaborate on the capacity that would be catered to the battery segment or mention any capital expenditure for foraying into lithium-ion cell grade aluminium foil. Shyam Metalics in a statement said for the production of 1GWh (Gigawatt-hour) of LFP (Lithium Iron Phosphate) cells, which power a wide variety of electric vehicles and energy storage systems, 350 tons of high purity and uniform-thickness aluminum foil is required that acts as a positive (cathode) current collector. The demand for aluminum foil doubles for sodium-ion batteries, where both positive

Exxon Mobil experiments with extraction of lithium from subsurface brine

Exxon is looking at how to utilize its expertise in fracking of oil and gas from shale rock, which involves the use of large volumes of water

Volkswagen's battery unit PowerCo investor could be big client: CFO

The battery unit's first planned client is Ford, to whom it will deliver cells for vehicles the U.S. carmaker is building in Europe on Volkswagen's electric MEB platform