Battery Makers

Ford cancels EV battery deal worth $6.5 billion with LG Energy Solution

The South Korean battery maker said in a regulatory filing that the termination followed a notice from Ford after the automaker decided to halt production of some EV models due to policy changes

India's EV battery demand to rise multifold to 256.3 GWh by 2032: Report

India's electric vehicle (EV) battery market demand will surge from 17.7 GWh in 2025 to a staggering 256.3 GWh by 2032, according to a Customized Energy Solutions' (CES) report on Friday. This explosive growth is driven by India's push toward electrification, with rising fuel prices, strong consumer demand, rapid model launches, and robust policy support, all converging to create a unique growth environment, the 2025 EV Battery Technology Review Report said. It notes that a compound annual growth rate (CAGR) of 35 per cent is expected over the next seven years, signalling a seismic shift in the nation's automotive sector. As electric mobility accelerates worldwide, the report provides deep insights into breakthroughs in chemistry, performance, advancements, and manufacturing strategies shaping next-generation battery systems. "Breakthroughs in battery chemistry are at the core of India's EV revolution. Innovations like LFP Gen 4 and the emergence of sodium-ion technology are not ju

Analysts see big boom in battery storage; RIL, Waaree among key gainers

With 100GWh, 20GWh and 12GWh of planned capacities respectively, these players are set to benefit from what Nuvama calls an imminent J-curve demand breakout, reaffirming its 'Buy' rating on the theme.

Govt may relax rules under PLI scheme for ACC battery output after delays

In 2022, 30 GWh were allotted under the scheme, of which 20 GWh went to Ola Electric, and 5 GWh each to Reliance New Energy and Rajesh Exports

Ola's Bhavish Aggarwal bets on new home batteries to revive business

Investors are balking at joining the company's new ₹1,500 crore ($168 million) fundraising plan given the Indian EV maker's deteriorating sales and financial health

RIL's Big Battery Bet: Why Motilal Oswal sees a new energy upside

At the middle of this optimism is RIL's first battery Giga factory in Jamnagar, slated to start operations in early calendar year 2026 (CY26) with a production capacity of 40GWh per year.

Ola Electric enters $12 bn energy storage market with home batteries

Company plans to scale battery consumption to 5 GWh for storage systems, potentially exceeding electric vehicle production

Ola Electric announces entry into ₹1 trillion BESS market with Ola Shakti

With India's BESS market projected to grow to over ₹3 trillion by 2030, Ola Electric expects its annual BESS consumption to scale up to 5 GWh in the next few years

Epsilon to set up 30K tonne per annum graphite anode plant in 1st phase

The move will help in tiding over the new stringent restrictions imposed by China on transfer of technology and processes of making battery materials

Amara Raja: Analysts keep Buy on strong LAB, margin gains and lithium push

For FY26, Amara Raja has planned ₹1,200 crore in capex, split into ₹800 crore for lithium and ₹400 crore for LAB.

India must press accelerator on battery storage to power future growth

The next chapter of India's energy landscape demands policies that reflect an appetite for pushing the envelope, and proactive leadership that anticipates trends, invests in innovation

Ashok Leyland ties up with China's CALB to advance lithium-ion battery tech

Ashok Leyland's collaboration with a Chinese cell-making behemoth, if successful, could serve as a test case for some of the largest Indian conglomerates

Xbattery raises $2.3 mn seed funding led by Bipin Patel Family Office

Hyderabad-based deep-tech startup Xbattery has raised $2.3 mn in seed funding led by Bipin Patel Family Office to scale BharatBMS and strengthen India's EV and energy storage ecosystem

Hyundai CEO says Georgia battery plant faces 2-3 month delay after raid

The plant, one of the major industrial sites that South Korean companies are currently building in the US, was slated to begin operations later this year

Vaishnaw inaugurates battery plant in Haryana entailing ₹3k cr investment

Union minister Ashwini Vaishnaw on Thursday inaugurated a lithium-ion battery plant of Japanese firm TDK Corporation in Haryana's Sohna, entailing an initial investment of Rs 3,000 crore. After the inauguration, Vaishnaw said the factory in Haryana's Sohna is part of the government's effort to deepen the electronics manufacturing value chain in the country. "The lithium-ion batteries used in mobile phones, and wearables like watches, earbuds, airpods and laptops will now be manufactured in India in this very advanced plant of TDK Corporation. This plant will manufacture about 20 crore battery packs every year," the minister said. TDK supplies batteries to Apple, leading mobile phone companies, laptop manufacturers as well as other wireless devices. Vaishanw said the requirement for the country in the mobile phone sector is about 50 crore cell packs every year. "That means about 40 per cent of the capacity will be met by this factory. This factory has huge expansion scope. I would

Ashok Leyland forays into battery ecosystem; Nomura analyses implications

Nomura noted that management remains mindful of internal rate of return (IRR) and intends to step up into full-fledged cell manufacturing only if reasonable returns are visible.

Ashok Leyland inks ₹5,000 cr pact with China's CALB for next-gen batteries

Ashok Leyland's partnership with China's CALB will drive next-gen battery manufacturing for EVs and energy storage, with ₹5,000 cr investment

Exide's Q1 surprise triggers mixed analyst calls; what should investors do?

Looking ahead, Nomura maintained its 'Neutral' rating on Exide Industries share, though it raised the SOTP-based target price to ₹404 from ₹392.

Adani Group denies report of battery tie-up with China's BYD, Welion

The statement came after Bloomberg reported that the Gautam Adani-led conglomerate was exploring a partnership with BYD to manufacture batteries in India as part of its clean energy expansion

Tesla inks $4.3 bn LGES battery deal to cut reliance on Chinese imports

LGES announced earlier on Wednesday that it had signed a $4.3 billion contract to supply LFP batteries over three years globally