Page 13 - Battery Makers

Battery makers charged up for next leg of growth on replacement demand

Pick-up in industrial consumption, relatively benign lead prices point to improved earnings prospects

LG Chem to double China battery capacity to meet Tesla demand

South Korea's LG Chem Ltd plans to more than double production capacity of battery cells it makes in China for Tesla Inc electric vehicles next year

Reduced dumping of batteries from China turns game-changer for Eveready

As imports reduced, Eveready clocked significant volume growth in batteries

Eveready Q2 net rises 216% to Rs 58.02 cr on higher demand, lower costs

Eveready's Managing Director, Amritanshu Khaitan said this was the highest ever quarterly profit without any other income. EBITDA margin at more than 20 per cent was also the best

Inverted Energy opens lithium battery manufacturing facility in Delhi

The commissioning of the plant, which currently has a production capacity of 100 MWh (megawatt hour) annually, is aimed at reducing dependence on China, Inverted Energy said in a release

New battery tech can charge electric cars up to 90% in 6 minutes

A team of South Korean researchers have developed a faster charging and longer lasting battery material that can juice up electric cars up to 90% in just six minutes

South Korea battery maker LG Chem shares jump, boosted by Tesla sales boom

SEOUL (Reuters) - Shares in electric vehicle battery maker LG Chem <051910.KS> leapt as much as 4.1% in early trade on Thursday after the firm and major customer Tesla Inc both posted record quarterly profits.

Tesla battery supplier LG Chem forecasts record third-quarter profit

LG Chem estimated that its operating profit jumped 159% to 902 billion won in the quarter ended September

EV push: Govt plans $4.6 billion in incentives for battery makers

The proposal is likely to be reviewed by Modi's Cabinet in the coming weeks

We are full-out on capacity in batteries: Eveready's Amritanshu Khaitan

Eveready recorded a 234 per cent increase in profit before tax (PBT) to Rs 30.29 crore in the June quarter even as operating income fell by around 18 per cent

Replacement demand, expansion to support revenue growth for Amara Raja

The company outperformed Exide for the fifth consecutive quarter

IndusInd Bank acquires 7.82% stake in Eveready by invoking pledged shares

The bank invoked pledge on 56,83,320 shares forming 7.82 per cent of paid-up equity share capital of Eveready Industries

Exide Industries reports Q1 net loss of Rs 13.56 cr due to Covid-19 crisis

The company had posted a net profit of Rs 161.58 crore in the corresponding quarter a year ago

Battery maker Amara Raja to go ahead with Rs 350 crore capex on production

Company says it saw demand picking up in May and has managed coronavirus crisis well.

Battery industry to see upsurge in replacement market in near future

Marginal growth is expected in the lead acid battery (LAB) segment, driven by the upsurge in aftermarket demand for replacement of old and discharged batteries

Battery firms better placed as medium-term outlook looks attractive

Replacement demand, lower lead costs are positives for Exide and Amara Raja

Exide forays into commercial electronic vehicles space, launches e-rickshaw

In the next six months, Exide will be coming up with a lithium-ion variant of the same e-rickshaw which will be priced higher than the existing one

Inside the race to build the battery of tomorrow: Who's ahead of whom

Solving battery-related conundrums is the focus of hundreds of companies and thousands of scientists all over the world

Temporary blip for Exide, Amara Raja

Amara Raja and Exide Industries' operating profit margins could fall only a bit on increase in lead prices