Page 7 - Lithium Battery

Chinese EV maker showcases world's first car powered by sodium-ion battery

Chinese EV maker JAC has showcased the world's first electric vehicle (EV) that is powered by a cheaper sodium-ion battery which could help reduce the cost of future EVs by 10 per cent

India needs Rs 33,750 cr to set up Li-ion cell, battery mfg plants: CEEW

India needs investments to the tune of Rs 33,750 crore to achieve the government PLI target of setting up 50 GWh of lithium-ion cell and battery manufacturing plants, according to a study. The country requires up to 903 GWh of energy storage to decarbonise its mobility and power sectors by 2030, and lithium-ion batteries will meet the majority of this demand, an independent study released on Tuesday by the Council on Energy, Environment and Water (CEEW) said. India needs investments worth up to Rs 33,750 crore (USD 4.5 billion*) to achieve the government PLI target of setting up 50 GWh of lithium-ion cell and battery manufacturing plants, CEEW said in the study report. CEEW, however, noted that at the time of writing the report, the conversion rate was taken as Rs 75 per US dollar. The CEEW study 'How can India indigenise lithium-ion battery manufacturing?' calculates the material and financial requirements and offers a blueprint for the domestic strategy as India's demand is expec

Mine over matter: Who will dig up India's new-found Lithium reserve?

The absence of an integrated mining policy for strategic metals and minerals and poor domestic capabilities could hinder exploitation of the recently discovered reserves

Lithium: the new oil? How the energy transition could change geopolitical equations

For more than a century, nations that had oil and gas had power. In fact, wars were fought over them. Fast forward to today — with experts believing lithium to be the new oil, can geopolitics change? And where does India stand? Watch the video to understand.

Another $237 million granted to Honda battery plant project in Ohio

Ohio's privatised economic development office has finalised an agreement with Honda to infuse USD 237 million into development of a massive battery plant project that the Japanese automaker plans to use to transform the state into its North American electric vehicle hub. JobsOhio posted details of the package of three grants on Wednesday. They include a USD 140 million economic development grant for the plant Honda is building jointly with LG Energy Solution of South Korea, a USD 10 million workforce grant for the project itself and USD 87 million to retool Honda's existing facilities. The money, payable over the next 10 years, comes on top of the approximately USD 156.3 million in tax incentives and infrastructure improvements that the state of Ohio is putting toward the project. Officials say the battery plant will be located in rural Fayette County, about 40 miles (64 kilometers) southwest of the state capital of Columbus. Honda and LG have agreed to create 2,527 new jobs and mo

JSW Energy steps up focus on battery storage to address intermittency

Intermittency refers to irregular power supply from renewable sources, since they aren't always available; Projects from SECI first in this segment; will look at more, says company MD Prashant Jain

Kabra ExtrusionTechnik surges 15%, nears 52-week high on strong Q3 show

The management said revenue growth in Q3FY23 was aided by strong growth in the Battrixx division revenues.

Britishvolt: More evidence UK is losing race to capture growing EV market

The start-up had no track record developing technology and never confirmed how it would raise the £3.8 billion needed to start mass producing batteries, which reduces the average cost per battery

India eyes overseas copper, lithium mines to meet domestic shortfall

"A team of experts has already studied the technical aspects of the one copper and two lithium mines in Argentina by visiting the sites"

India's EV battery challenge to China hampered by lithium, copper crunch

India has only a fraction of the raw materials needed to satisfy domestic demand for lithium-ion batteries - forecast by Crisil to grow 100 fold by 2030 - let alone produce on a global scale

HEG incorporates new arm for manufacturing graphite node; stock soars 9%

The plant would be made in two phases, spending Rs 1,000 crore in Phase 1 over the next 3 years which would cater to 10-12 GWH of cell manufacturing capacity.

Smartphone makers may be forced to bring back removable batteries: Report

This move comes after making USB Type-C charging ports mandatory on all smartphones, tablets, and laptops

Union Budget 2023 may announce sops for domestic EVs and storage solutions

Custom duty exemptions being provided for lithium-ion cells for making phone battery packs could be extended to EV batteries and energy storage solutions as well

Rising battery prices threaten to derail arrival of affordable EVs

There are several factors driving the uptick in prices, but the single most important one is rising costs for materials including cobalt, nickel and lithium

Can India become a global EV battery player?

Given the capital-intensive nature of the EV sector, Indian firms will have to grab a share of the global battery demand pie to turn a profit. Can Indian industry succeed in this ambitious venture?

In 'white gold' rush, India kick-starts talks with lithium-rich nations

Move to help local cell manufacturing, boost EVs

Ola Electric making plans to ensure a stable supply of raw materials

The company is the only two-wheeler electric vehicle (EV) player, which has decided to manufacture the cell and control its technology - that are crucial components for making the battery

Li-ion battery pack maker Lohum targets 3-fold jump in topline to Rs 300 cr

Lithium-ion battery pack maker and recycling firm Lohum has said it is eyeing a three-fold jump in its topline at over Rs 300 crore this fiscal driven by surging demand. The company has drawn up an aggressive expansion plan for the next five years amid the Lithium-ion battery industry expecting to grow 11-times between 2020-2030, Lohum Cleantech said. This growth will come on the back of rising demand for electric vehicle batteries, and energy storage systems(ESS) that power smart devices, and stationary applications, it said. Lohum Cleantech is looking to expand at a faster pace to meet the needs of the market. At the end of this financial year, the company is expecting to triple its revenue from Rs 110 crore achieved in FY22, the Greater Noida-based firm said. Lohum claims holding as much as 60-70 per cent share of the total domestic Li-ion battery recycling market. The company had in September announced a collaboration with Switzerland-headquartered diversified natural resour

Kabra Extrusion soars 17% as Battrixx inks pact with Hero Electric

The target is to supply 300,000 battery packs and chargers in the next financial year based on Hero Electric's projections

NMDC in talks to invest in lithium exploration companies in Australia

Investment would be voa NMDC's Perth-based arm, Legacy Iron Ore, which is already prospecting for iron ore, gold and base metals there