Page 12 - Battery Makers

Govt notifies Rs 18,100 cr-PLI scheme to promote ACC battery making

Production linked incentives for manufacturing advanced chemistry cell batteries will be offered only to those firms that have been allocated the production capacity

Volvo Car partners with Northvolt to make batteries, start gigafactory

Volvo Car Group, owned by China's Geely Holding, announced plans for joint venture with Swedish battery maker Northvolt to develop sustainable batteries for its electric cars and set up a gigafactory

Eveready Industries reports fourth quarter net loss at Rs 442.53 crore

Total expenses during the fourth quarter stood at Rs 249.81 crore as compared to Rs 219.81 crore in the same period a year ago.

Amara Raja carves out new biz unit, re-fashions as energy and mobility firm

The announcements by Amara Raja comes amid the thrust India's policy makers have been giving to electric mobility in its endeavour to reduce carbon emissions and reduce oil import bill.

Amara Raja to invest in lithium-ion batteries, expand current biz verticals

Meanwhile, the company said that its Founder Chairman Ramachandra Galla, who steered the company for 36 years, has expressed his decision not to seek reappointment.

Transport Min proposes exemption of battery-operated vehicles from RC issue

Ministry of road transport and highways has issued a draft notification proposing to exempt battery operated vehicles (BOV) from payment of fee for issue or renewal of registration certificate (RC)

MG Motor India joins hands with Attero for recycling of EV batteries

MG Motor India on Friday said it has joined hands with Attero for recycling of electric vehicle (EV) batteries in the country

Amara Raja Batteries stock falls 6.5% in intraday trade on block deals

The decline was mainly on account of nearly 30 million equity shares of the battery maker changing hands.

Higher cost of lead compounds growth challenges for battery makers

Street prefers Exide to Amara Raja, given the valuation difference

Uncertainties rise as pandemic impacts customer orders: Exide Industries

Exide Industries said uncertainties have increased as customer orders have started getting impacted due to the second wave of COVID-19

Cabinet approves Rs 18,000-cr PLI scheme for battery manufacturing

The Centre hopes to create direct investment of Rs 45,000 cr in ACC Battery storage projects

Lithium-ion battery maker Lohum to invest Rs 250 cr on capacity expansion

Lithium-ion battery pack manufacturer and recycling company Lohum plans to invest up to Rs 250 crore in the next three years to enhance its capacity

LG, SK reach $1.8-billion settlement to end electric-vehicle battery spat

SK Innovation agreed to pay 2 trillion won ($1.8 billion) to LG Energy Solution, a unit of LG Chem, according to a statement from the two companies

S Korean battery makers agree $1.8 bn settlement, aiding Biden's EV push

South Korean battery makers agree $1.8 bn settlement, aiding Biden's EV push

Volkswagen takes aim at Tesla with its own European gigafactories

Volkswagen is also working on a major expansion of charging infrastructure, a lack of which is still seen as a big barrier to the mass adoption of battery-powered cars

Hyundai to invest $200 mn to build localised EVs for mass market in India

The company refuses to give a launch timeline, says it is in talks with battery makers and suppliers to localise a large portion of manufacturing in order to bring the cost down

Eveready records Rs 50.43 cr profit in Dec qtr on volume growth, price hike

Profit was Rs 90.60 cr in year-ago period, but this included exceptional gain of Rs 89.55 cr from land deal in Chennai

Exide Industries Q3 net profit jumps over two-fold to Rs 239.87 crore

Battery maker Exide Industries on Friday reported over two-fold jump in consolidated net profit after tax (PAT)

Start-up VoltUp partners with HPCL for battery swapping centres

Electric two and three wheeler battery swapping solutions start-up VoltUp on Monday said it has partnered with Hindustan Petroleum Corporation Ltd (HPCL) for opening battery swapping centres.

SUN Mobility aims to set up 100 battery swapping stations in Bengaluru

SUN Mobility said it plans to set up 100 battery swapping stations for electric vehicles (EVs) in Bengaluru by the end of 2021