Page 3 - Battery Makers

Shares of Asian car and battery makers decline as Trump gets to work

The volatility in Asian shares within hours of Trump's inauguration highlights how policy shifts under Trump could squeeze big manufacturers in some of Washington's closest allies in the region

Some Asian car and battery makers hit as US President Trump gets to work

But Chinese manufacturers bucked the trend, with stocks opening higher after Trump did not target China in his inauguration speech or immediately impose tariffs

Urja Mobility launches B2C battery leasing programme in 10 cities

EV solutions startup Urja Mobility on Monday announced the launch of its B2C battery leasing program, targeting e-rickshaw drivers in 10 cities of the country. The initiative "Smart Opex Model" provides drivers access to Lithium-Ion batteries, which offer longer life cycles, minimal maintenance, and enhanced thermal performance compared to traditional Lead Acid options, the company said. The cities included in the initial phase are Agra, Lucknow, Ayodhya, Varanasi, Kanpur, Prayagraj, Siliguri, Guwahati, Bhubaneswar, and Puri. Urja Mobility said these strategic locations have a high EV adoption pace and significant tourist traffic, enabling drivers to maximize asset utilisation. "This initiative represents a significant step forward in making electric mobility accessible and affordable for e-rickshaw drivers. By providing a cost-effective, reliable, and sustainable battery solution, we aim to empower drivers and contribute to India's vision for a greener future," said Commenting on

Obligations on battery producers to increase recyclers profitability: CPCB

Financial penalties for failing to meet extended producers' responsibility obligations encourage battery recyclers and increase their profitability, said an official on Saturday. Addressing India Battery Recycling and Reuse Summit 2025, in the run-up to Bharat Battery Show, Central Pollution Control Board Director V P Yadav said,"Considering all the challenges faced by recyclers, we have designed a system in which producers who fail to meet their obligations will face financial penalties." These penalties will ultimately benefit the recyclers, as they generate credits that are then transferred to producers in exchange for compensation, he explained. "We are also encouraging recyclers because we understand that without profitability, the recycling business will not thrive. Therefore, our efforts are driven by economic factors", Yadav said at the summit organised by industry body India Energy Storage Alliance (IESA). Bharat Battery Show is a part of Bharat Mobility Global Expo 2025 .

Fire at California battery plant forces evacuation, highway closure

A major fire burning Friday at one of the world's largest battery storage plants in Northern California is sending up flames of toxic smoke, leading to the evacuation of 1,700 people and the closure of a major highway. The blaze in Moss Landing started Thursday. Fire crews were not engaging with the fire but were waiting for it to burn out on its own, The Mercury News reported. The blaze was still burning early Friday and it had not gone beyond the facility, according to Monterey County spokesperson Nicholas Pasculli. As of late Thursday, a few dozen people were at a temporary evacuation centre and the rest had gone to friends or family or made other arrangements, Pasculli said. The Moss Landing Power Plant, located about 77 miles (125 kilometres) south of San Francisco, is owned by Texas-based company Vistra Energy and contains tens of thousands of lithium batteries. The batteries are important for storing electricity from such renewable energy sources as solar energy, but if the

Waaree Energies board approves Rs 850 cr investment in energy facilities

Waaree Energies Ltd on Monday said its board has approved three investment proposals aggregating Rs 850 crore to set up electrolyser and storage cell manufacturing facilities. The board also approved capital expenditure (capex) of Rs 130 crore in invertor business through its wholly-owned subsidiary Waaree Power Private Limited. The board approved "capital expenditure of Rs 551 crore and investment of Rs 200 crore for 300 MW electrolyser manufacturing plant in its wholly-owned subsidiary Waaree Clean Energy Solutions, under the PLI Scheme," Waaree Energies said in an exchange filing. It also approved a capital expenditure of Rs 2,073 crore and an investment of Rs 650 crore for setting up a 3.5 GWh Lithium-Ion Advanced Chemistry Storage Cell manufacturing plant in its wholly-owned subsidiary Waaree Energy Storage Solutions. The capex will be funded by a mix of debt and internal accruals, the company said. The board further approved the appointment of Amit Paithanka, Chief Executive

LG Energy Solution, JSW discuss $1.5 bn EV battery manufacturing venture

The two companies have signed an initial agreement to form an equal partnership in which LGES will contribute the technology and equipment for making batteries and JSW will invest money

US finalises $9.63 billion loan for Ford, SK On joint battery venture

BlueOval SK said it has invested more than $11 billion to date in the construction of the three 4-million-square-foot facilities and plans to begin production at the first Kentucky plant in 2025

Over 100 global firms to showcase innovations at Bharat battery show in Jan

Over 100 global firms from countries like the US, Japan, China and India will showcase cutting-edge innovations at the Bharat Battery Show in January 2025. The second edition of the Bharat Battery Show (as part of the Bharat Mobility Global Expo 2025) is shaping up very well with the global participation of companies from various countries, a statement said. According to the statement, a Singaporean delegation will visit the global expo to explore Indian market opportunities. Bharat Mobility, led by the Ministry of Commerce and Industry, is a landmark event. It is set to bring together over 1,000 exhibitors and attract more than 5,00,000 visitors from over 50 countries, it added. Over 100 global companies from the US, Japan, Korea, Singapore, China, and India will showcase cutting-edge innovations at the Bharat Battery Show, the statement said. The India Energy Storage Alliance (IESA), a prominent industry partner for the mega event, will play a key role by hosting the Bharat Batt

Foxconn is likely to open its second-largest battery plant in Tamil Nadu

The Tamil Nadu government has approached the company with a proposal to offer 200 acres of land for the plant and incentives as talks reach final stages

Chinese battery giant CATL would build US plant if Trump allows it

Trump wants to prevent Chinese auto imports but has said he remains open to Chinese automakers building vehicles in US

China's Nio plans to sell its first hybrid car model overseas only by 2026

Development of the extended range hybrid, under the Firefly brand, stems from suggestions by Nio's main investor, Abu Dhabi investment vehicle CYVN Holdings

JSW Group, Korea's POSCO announce deal to set up steel plant in India

Joint venture will collaborate in renewable energy, battery materials for electric vehicles

UK firm Low Carbon sells 6 GW battery storage portfolio to S4 Energy

Dutch grid operator TenneT, the largest in Europe, is looking at options for a private or partial sale, after a sale to the German government floundered

China's loss may be Indian companies' gain in electric vehicle race

Li-ion cells may become cheaper after punitive tariffs imposed by the US

Altilium and JLR to test EV batteries made using recycled materials

There is also regulatory pressure on automakers and battery makers to recycle

Govt introduces strict EC guidelines for violations of battery waste rules

Failure to meet the targets can result in financial penalties, usually called EC, promoting more sustainable waste management and encouraging eco-friendly product design

Reliance Power bags 500 MW battery energy storage contract through auction

Reliance Power on Monday announced that it has secured a battery storage contract of 500 MW through the e-reverse auction (eRA) conducted by the Solar Energy Corporation of India (SECI). The auction, held on September 11, 2024, is part of SECI's initiative to enhance energy storage capabilities across the country. The contract involves the installation of a total of 1,000 MW of standalone BESS units, awarded on a build-own-operate (BOO) model for "On Demand" usage under a tariff-based competitive bidding process. Reliance Power has secured 500 MW MWh of this capacity, marking a significant entry into the renewable energy and storage sector, a company spokesperson said. The competitive bidding saw Reliance Power submitting a tariff bid of Rs 3.81999 lakh/MW/month. This new tariff benchmark represents one of the lowest rates for BESS tenders at the 400 KV level in India to date. The delivery point for the project shall be 400 kV Fatehgarh(ATL) PS, Rajasthan. The scheduled commissio

Epsilon Advanced Materials plans Rs 9,000 cr anode facility in K'taka: MD

Battery materials manufacturer Epsilon Advanced Materials is planning to set up a Rs 9,000-crore anode plant in Karnataka with an annual production capacity of 90,000 tonne, a top official of the company said. The investment in the plant would be made in two phases. In the first phase, Rs 4,000 crore would be invested and the remaining Rs 5,000 crore would be pumped in in the second phase, Epsilon Group Managing Director Vikram Handa said. "So, we are looking to build a 30,000-tonne anode plant in India by Q4 2026, which will entail an investment of about Rs 4,000 crore. The plant will be scaled up to 90,000 tonne (capacity) by 2031. The total capex outlay is Rs 9,000 crore for our annual business in the next eight years," Handa explained. With increasing demand of electric vehicles in India, there is a need for Indian cell manufacturing companies to set up battery plants in the country. Epsilon products will act as a sustainable and reliable supplier of anode and cathode material t

South Korean lithium battery maker CEO arrested over deadly fire incident

Park Soon-kwan, the CEO of Aricell, which is majority owned by S-Connect, apologised after the fire