Page 7 - Battery Makers

1,200-km range, 10-min charge: Toyota near solid-state battery breakthrough

If successful, Toyota said that solid-state batteries will double the range of EVs up to 1,200 km, and the charging time will be 10 minutes or less

Production of 50 GWh battery cells to start in early 2024: MHI Minister

Currently, batteries are only assembled in India, with cells imported primarily from China, Taiwan, and European nations

India Battery Manufacturing Vision aims 500GWh annual capacity by 2035

Industry body India Energy Storage Alliance (IESA) on Friday unveiled its 'India Battery Manufacturing Vision' targeting over 500GWh capacity by 2035, having potential to create over 2.6 million jobs and bring investment worth USD 35 billion in the country. IESA is focused on the development of advanced energy storage, green hydrogen, and e-mobility technologies in India. "IESA has also set a vision to further scale this capacity to over 500 GWh by 2035 considering the demand growth for both stationary storage and e-mobility in India," said Rahul Walawalkar, Chair, WESD, Founder and President of IESA, and president & MD, Customized Energy Solutions (CES) India, in a statement. He explained that with 'India Battery Manufacturing Vision', the country can generate over 2.6 million jobs and bring in USD 35 billion investments by 2035. IESA is anticipating that the first gigafactory (manufacturing facility that produces components linked to electrification and decarbonization ...

Epsilon to acquire Johnson Matthey's LFP cathode tech centre in Germany

Home-grown battery materials manufacturer Epsilon on Wednesday said it has signed a pact to acquire Johnson Matthey's LFP cathode technology centre in Germany. This acquisition serves as a catalyst for Epsilon's ambitious plans to eventually cater to 100 GwH of demand and also allows it to go to markets with a proven high performance cathode active material produced at scale, the city-based company said. Epsilon, however, did not disclose the financial details of the deal. The global electric vehicle market, valued at USD 380 billion in 2022, is projected to soar to USD 1.5 trillion by 2030, according to Fortune Business Insights, Epsilon said, adding that cathode materials are pivotal to this growth trajectory. Benchmark's report further underscores the urgency, indicating a need for USD 40 billion investments in cathode materials production to bridge the gap between the current supply and anticipated demand by 2030, it stated. The German facility offers technical capabilities an

Eveready Industries India plugs in 'Ultima' to power up premium play

Suvamoy Saha, managing director of Eveready, pointed out that in India, device penetration was low and battery usage traditional

Fresh consultations with stakeholders on battery swapping policy soon

The objective of the meeting is to streamline the standards for battery-swapping technology, ensuring compatibility across various EV models and charging stations

Ford pausing construction of Michigan battery plant amid contract talks

Ford Motor Co. has said that it's pausing construction of a USD3.5 billion electric vehicle battery plant in Michigan until it is confident it can run the factory competitively. The move comes as the company is in the midst of national contract talks with the United Auto Workers union, which wants to represent workers at battery factories and win them top wages. In February, Ford announced plans to build the plant in Marshall, Michigan, employing about 2,500 workers to make lower-cost batteries for a variety of new and existing vehicles. Marshall is about 160 kilometres west of Detroit and is near two major interstate highways. But Ford spokesman TR Reid confirmed Monday that plant construction has been paused and spending has been limited on it. There are a number of considerations, he said in an email. We haven't made any final decision about the planned investment there.

CSIR's first battery recycling pilot facility commissioned in Jamshedpur

The National Metallurgical Laboratory (NML) on Saturday said it has commissioned the first Battery Recycling Pilot Facility of the Council of Scientific and Industrial Research at Jamshedpur to extract critical metals such as Lithium, Nickel, Manganese and Cobalt. It encompasses 1 Ton per day (TPD) battery dismantling and cathode material separation setup, apart from the integrated large-scale hydrometallurgical facility for extraction and separation of those critical metals, said the NML, a constituent establishment of the CSIR, in a statement. Batteries contain chemicals and metals and their dumping attracts environmental concerns due to contamination of water and soil. The facility, set up with the support of CSIR-Bulk Chemical Mission, is able to tackle spent rechargeable batteries belonging to the class of lithium-ion batteries and nickel-based batteries, for process validation and technology transfer under hire-operate-transfer mode. The technology is currently being validate

NITI Aayog spearheads efforts to standardise battery swapping policy

"The objective is to unite all stakeholders under a common policy framework. These consultations are designed to achieve that goal," government officials privy to the development said

Reliance Industries pushes battery unit timeline by 2 years to 2026

This would be one of the rare instances, where the company has changed a stated timeline or target for any business outcomes

Cabinet approves viability gap funding for battery storage system

The VGF scheme for BESS projects was first announced in the Union Budget 2023

Heavy industries' ministry scraps human safety tests for EV batteries

The ministry's testing parameters were more stringent than the MoRTH norms and required checks at three levels - the cell, battery management system, and the battery pack

Led by Burman family, battery manufacturer Eveready plans new category

Company seeks to double revenue by FY27 and new category will help in the target

Commercial production of battery cells under ACC PLI likely in Q4FY24

To monitor the progress of the work of the selected beneficiaries, the Ministry has appointed Engineers India Limited (EIL) as Independent Engineers

RecycleKaro to invest Rs 100 crore to set up Nickel plant in Maharashtra

Lithium-ion battery recycling firm RecycleKaro on Thursday said it plans to invest Rs 100 crore for setting up a nickel plant in Maharashtra with a capacity to produce 1,200 tonnes of the metal annually. Spread across 17 acres of land, the upcoming facility at Palghar district of the state will incorporate a plant capable of producing nickel from scrapped lithium-ion batteries and nickel hydroxide, RecycleKaro said in a statement. The plant will commence production by the end of 2023, it said. This venture is aimed at completing the value chain of a circular economy and meeting the surging demand for lithium-ion batteries in India's fast expanding electric vehicle market, the company said. "RecycleKaro announces its ambitious plans to establish a nickel metal plant, with a substantial investment of Rs 100 crore, in Maharashtra," the company said in a statement. The plant is expected to produce 1,200 tonnes of nickel annually, with 30 per cent of the production allocated for use in

Zomato-Battery Smart partner to facilitate battery swapping for e-bikes

Online food ordering and delivery platform Zomato on Monday said it has partnered with Battery Smart to provide battery-swapping access to its delivery partners on the latter's network. Under the partnership, Zomato's delivery partners can get access to Battery Smart's existing network of over 800 swap stations across more than 30 cities, the company said in a statement. Battery Smart provides battery swapping networks for electric two and three-wheelers. "This association with Battery Smart adds further momentum to our commitment as our delivery partners can now leverage a vast and accessible network of battery swapping stations," Zomato COO, Food Ordering & Delivery Business, Rinshul Chandra said. Zomato has committed to 100 per cent EV adoption by 2030 and joined Climate Group's EV100 campaign, he added. Battery Smart co-founder Pulkit Khurana said the association with Zomato empowers new and existing delivery partners to join the EV revolution. India's food delivery market is

Amara Raja Batteries to expand into two-wheeler market to power growth

The company, which owns the Amaron battery brand, aims to penetrate into two-wheeler EV market first with chargers and eventually through battery packs as it expands its so-called 'new energy' segment

ACC battery market demand in India to rise to 220 GWh by 2030: Report

The advanced chemistry cell battery market demand in India is expected to grow at a CAGR of 50 per cent from 20 GWh in 2022 to around 220 GWh by 2030, according to a CII report released on Sunday. The growth is expected to be supported by the thriving local battery manufacturing industry and a robust local supply chain. As a result, India is expected to localize a significant portion of the entire value chain from material processing to pack assembly and integration, said the report on 'Raw materials for Battery & Component Manufacturing'. The report, prepared in collaboration with 6Wresearch, is the third in a series of reports on 'Roadmap for Future Mobility 2030'. "EV is determined primarily by the battery running the powertrain of the vehicle. Advancements in the battery technology space is pivotal for the development of better-performing EVs," said Vipin Sondhi, Chairman, CII National Committee on Future Mobility and former CEO & MD, Ashok Leyland and JCB. He added, "It ..

Assurance International unveil new range of filters, batteries in India

Assurance Intl Limited, under the official licensing collaboration with The Goodyear Tire & Rubber Company, on Thursday unveiled a new range of filters and batteries. The range will be manufactured, marketed, sourced and distributed in India as well as in South Asia, Southeast Asia, Australia and New Zealand markets. "Expected to launch at the end of August 2023, the filters and batteries product line will cater to the needs of multiple vehicles," Assurance Intl Limited said in a statement. Incorporating the latest technology, the batteries will offer increased power, longer life cycles and superior charging efficiency, it added. The company said it plans to expand its distribution and provide after-sales assistance to consumers in Australia, Bangladesh, Bhutan, Brunei, India, Indonesia, Laos, Malaysia, Maldives, Myanmar, New Zealand, Nepal, Pakistan, Singapore, Sri Lanka, Thailand, Timor Leste and Vietnam markets. Assurance Intl CBO Sanjay Sharma said the company is looking at a

Exide Industries expects to regain pre-covid EBITDA margin in 1-2 years

Storage battery major Exide Industries Ltd on Tuesday said it expects to regain its pre-covid EBITDA margin of 13-14 per cent in the next one to two years. The company's current EBITDA margin is 10.6 per cent, as input costs have remained erratic. "We are seeing a revamp in demand after Covid and expecting both automotive and industrial verticals will do well. However, it will take another one to two years to get back to the pre-covid level of margin," Exide Industries MD and CEO Subir Chakraborty said. Speaking about the company's Rs 6,000 crore 12GW lithium-ion cell manufacturing plant near Bangalore, Chakraborty said it is progressing well. He said the company remains unperturbed about the emerging alternative technologies, given the growth of the storage battery market and that all technologies will be required. Commercial production in the Bangalore plant will begin in 2024-25, attracting an estimated capex of Rs 4,000 crore. Chakraborty said the company has received very .