Page 10 - Battery Makers

Exide Industries Q1 PAT reports six-fold rise to Rs 202.44 crore

Battery maker Exide Industries on Friday reported an over five-fold rise in consolidated net profit after tax to Rs 202.44 crore for the first quarter ended June 30, driven by higher revenue.

For battery makers of electric vehicles, it's go small or go home

In the quest for smaller batteries that charge extremely quickly, the startup firms are experimenting with materials like silicon-carbon, tungsten and niobium.

Burman family become promoters of Eveready, will appoint directors

The Burmans are expected to appoint three non-executive directors to the Eveready board

Apple supplier Foxconn begins work on its 1st EV battery plant in Taiwan

The move came after the company said it aims to become the first EV maker that is "not short on material supplies."

IISc researchers devise strategy to make solid-state batteries last longer

Solid-state batteries are poised to replace the lithium-ion batteries found in almost every portable electronic device

Attero to spend $1 billlion over 5 years on battery recycling plants

With the $1 billion investment, Attero is seeking to recycle over 300,000 metric tons of lithium-ion battery waste annually by 2027

Ruchira Green Earth eyes Rs 500 cr revenue by 2025 on pent-up demand

The company also said it is looking to tap into battery swapping and replacement markets apart from large Energy Storage System (ESS) applications in the domestic market

India's largest lithium-ion battery plant starts production in Gujarat

The plant, with total installed capacity of 1.5 Gigawatt hours (GWh), has six automated assembly lines on which it will produce batteries for automobiles and energy storage applications

Electric scooter fires undermining India's bid to become leader in EVs

The fires in Indian EVs have also sparked debate about India's dependency on imported auto parts that are then assembled locally

How Eveready, on the cusp of change, is trying to regain its mojo

Over the past decade, a change in consumer choice swept through the battery industry - the walkman lost its mojo, smartphones overtook cameras and batteries were tucked away in remotes and wall clocks

Simple Energy inks pact with US-based C4V for cell manufacturing in India

Electric vehicle maker Simple Energy has inked an initial pact with the US-based battery technology firm C4V (Charge CCCV) for cell manufacturing in India, the company said on Wednesday. The Bengaluru-based energy startup had launched its first e-scooter Simple One mid-August last year. It has, however, not yet commenced the deliveries of its maiden offering. Lithium-ion battery cells are the central unit of any electric vehicle (EV). Simple Energy is leading the domestic EV industry by vertically integrating the entire value chain. As part of this, the company has signed a Memorandum of Understanding (MoU) with C4V for setting up a Lithium-ion cell manufacturing ecosystem in India, it said. In addition to the build-in India initiative, this strategic partnership utilizes cells with industry-leading safety, higher energy density than LFP (Lithium Ferro Phosphate) batteries, faster charging, and longer life cycle based on C4V's patented technology, Simple Energy said. C4V is curren

How govt can use battery swapping tech to give fillip to EV industry

'Battery as a Service' business model, based on battery swapping technology, is the new talk of the EV Motown

Another life for Eveready with an open offer, but what's in it for Burmans?

The Burman group on acquiring control intends to be a "promoter" of Eveready

Burmans step in to take control of Eveready, announce open offer

Company needs direction and the brand has immense potential: Mohit Burman

Global electric vehicles sales up 109% in 2021, Tesla leads with 14% share

Nearly 85 per cent of EVs sold globally were delivered to customers in Mainland China and Europe

Apple's latest update of MacOS 12.2 to fix battery drain issues

Before Thursday's updates, some users reported their MacBooks' batteries would drain while the computer was asleep, sometimes even reaching 0 per cent charge overnight

Exide Industries profit drops 26% at Rs 178 crore in December quarter

Exide Industries on Monday said its consolidated net profit declined 26 per cent to Rs 178 crore in the third quarter ended December 31, 2021. The company had reported a net profit of Rs 240 crore in the same period of 2020-21. Revenue from operations rose to Rs 3,312 crore as compared with Rs 2,891 crore, Exide Industries said in a regulatory filing. "Due to unprecedented input cost inflation, profitability has been adversely impacted," MD & CEO Subir Chakraborty noted. The Kolkata-based company said its board has declared an interim dividend of 200 per cent for 2021-22.

Amara Raja to invest in Europe-based EV battery maker InoBat Auto

The initial investment will give the company a key foothold in the thriving European EV ecosystem

Kabra Extrusion surges 16% on Rs 100 crore capex plan for its battery unit

The company's board has also approved a proposal to raise up to Rs 301 crore for the expansion of its future technologies brand Battrixx

Kabra Extrusion Technik board approves raising Rs 301 cr for expansion

A part of the city-based Kolsite Group and leading manufacturer of plastic extrusion machinery, Kabra Extrusion Technik recently ventured into the production of lithium-ion battery packs