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Exide Industries invests over Rs 100 crore in subsidiary making advanced chemistry batteries utomotive battery major Exide Industries Ltd on Friday said it has invested just over Rs 100 crore in its wholly-owned battery cell making subsidiary Exide Energy Solutions Ltd (EESL). In a regulatory filing Exide Industries said it has invested just over Rs.100 crore (Rs 100,00,00, 015 - Rupees One hundred crore and fifteen only) by way subscribing to the rights issue of EESL. The Rs 374.40 crore equity based EESL is into manufacturing battery cells of advanced chemistry as well as man...
Exide Industries invests over Rs 100 crore in subsidiary making advanced chemistry batteries
Exide Industries invests over Rs 100 crore in subsidiary making advanced chemistry batteries
Source: IANS
8/09/2023 7:46:28 PM
Exide Industries moves up on investing Rs 1 crore in Exide Energy Solutions Exide Industries is currently trading at Rs. 274.75, up by 0.70 points or 0.26% from its previous closing of Rs. 274.05 on the BSE. The scrip opened at Rs. 276.60 and has touched a high and low of Rs. 277.00 and Rs. 272.40 respectively. So far 86606 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 277.00 on 08-Sep-2023 and a 52 week low of Rs. 152.75 on 26-Sep-2022. Last one week high and low of the scrip stood a...
Exide Industries moves up on investing Rs 1 crore in Exide Energy Solutions
Exide Industries moves up on investing Rs 1 crore in Exide Energy Solutions
Source: Accord Fintech
8/09/2023 12:08:15 PM
India to spend $452 million for battery energy storage  India will spend 37.6 billion rupees ($452 million) on viability gap funding for battery energy storage in a bid to increase renewable energy capacity, the country's information minister said on Wednesday. The programme will support battery energy storage capacity of 4000 mega-watts hours, to be developed by 2030-31, Anurag Thakur said, adding that the government will offer incentives worth up to 40% of capital costs to companies setting up manufacturing units.
India to spend $452 million for battery energy storage
India to spend $452 million for battery energy storage
Source: Reuters
6/09/2023 3:37:54 PM
Quote on RIL AGM from Dr. V K Vijayakumar, Geojit Financial Services Below the quote on today's RIL AGM from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "Market will be keenly watching for any indications on value unlocking in Reliance Retail and Telecom businesses. Also any announcements regarding the status of the mega green energy and battery projects also will be keenly watched."   Above views are of the author and not of the website kindly read disclaimer
Quote on RIL AGM from Dr. V K Vijayakumar, Geojit Financial Services
Quote on RIL AGM from Dr. V K Vijayakumar, Geojit Financial Services
Source: Geojit Financial Services
28/08/2023 2:17:33 PM
Zomato shines on partnering with Battery Smart Zomato is currently trading at Rs. 93.70, up by 3.98 points or 4.44% from its previous closing of Rs. 89.72 on the BSE. The scrip opened at Rs. 90.24 and has touched a high and low of Rs. 94.25 and Rs. 90.18 respectively. So far 3184991 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 102.85 on 07-Aug-2023 and a 52 week low of Rs. 44.35 on 25-Jan-2023. Last one week high and low of the scrip stood at Rs. 95.60 an...
Zomato shines on partnering with Battery Smart
Zomato shines on partnering with Battery Smart
Source: Accord Fintech
22/08/2023 12:28:09 PM
Hold Amara Raja Batteries Ltd For Target Rs.590 -Emkay Global Financial Services Ltd AMRJ’s Q1 revenue beat expectations, while margins missed estimates (down by 110bps QoQ to 12.8%; Emkay: 14.4%), on adverse mix and higher insurance spends. We build-in ~10%/~12% revenue/EBITDA CAGR over FY23-25E, factoring-in sustained recovery in the base lead-acid business (amid uptick in replacement demand and stability in RM prices). We introduce FY26 estimates and reduce FY24E EPS by 4.4%, to reflect the Q1 margin miss, keeping FY25E EPS unchanged. Importantly, with SOP for phase-...
Hold Amara Raja Batteries Ltd For Target Rs.590 -Emkay Global Financial Services Ltd
Hold Amara Raja Batteries Ltd For Target Rs.590 -Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services
18/08/2023 12:58:26 PM
Buy Exide Industries Ltd For Target Rs.335 - ICICI Direct Charge it up, Li-On cell manufacturing-structurally positive … About the stock: Exide Industries (EIL) is a part of the duopolistic organised Indian lead acid battery market with a presence across automotive & industrial applications. It also has dual presence in Li-On battery space through assembly operations (1.5 GwH, Nexcharge) & Li-On Cell manufacturing venture in technical collaboration with SVOLT (6 GwH, commissioning in CY25E) • Segment mix: automotive sales -...
Buy Exide Industries Ltd For Target Rs.335 - ICICI Direct
Buy Exide Industries Ltd For Target Rs.335 - ICICI Direct
Source: ICICI Direct
13/08/2023 9:39:07 AM
Tata picks Britain for new EV battery plant India's Tata will build an electric vehicle battery plant in Britain, the company and the government said on Wednesday, in a major boost for a car industry in need of domestic battery production to help secure its long-term future. The company said the factory includes an investment of 4 billion pounds ($5.2 billion). Britain's government declined to immediately detail what support it had provided as part of the deal. "Tata Group's multi-billion-pound investment in a ne...
Tata picks Britain for new EV battery plant
Tata picks Britain for new EV battery plant
Source: Accord Fintech
19/07/2023 11:55:55 AM
Small Cap : Buy Amara Raja Batteries Ltd For Target Rs.690 - Geojit Financial Services Strong performance across segment Amara Raja Batteries Ltd. (ARBL) is India’s second largest Lead-acid battery manufacturer. Its segments comprise 70% automotive & the remaining industrial, with market dominance in the telecom segment. • We expect growth in the auto sector, superior product mix and higher RM pass through to OEMs will support the margin expansion. • Investment for technological up-gradation in the lithium ion project for 2W/3W batteries is progress...
Small Cap : Buy Amara Raja Batteries Ltd For Target Rs.690 - Geojit Financial Services
Small Cap : Buy Amara Raja Batteries Ltd For Target Rs.690 - Geojit Financial Services
Source: Geojit Financial Services Ltd
22/06/2023 3:12:50 PM
Parliamentary panel urges government to frame comprehensive policy on electric vehicles  A parliamentary panel has urged the government to frame a comprehensive national policy on electric vehicles (EV) by incorporating the elements of successful state models and international best practices. These best practices should be based on charging infrastructure, battery swapping, battery waste management and recycling, public awareness in addition to the demand and supply side incentives such as lower GST, waiving road tax, registration fee, hire-purchase scheme at discounted ...
Parliamentary panel urges government to frame comprehensive policy on electric vehicles
Parliamentary panel urges government to frame comprehensive policy on electric vehicles
Source: IANS
25/03/2023 9:13:58 AM
LG Energy to invest $5.5 bn to build new battery plants in US LG Energy Solution Ltd (LGES) said on Friday it will invest 7.2 trillion won ($5.56 billion) to build what will be its second standalone battery manufacturing site in the United States, sticking to its earlier plan after a period of reconsideration. LGES will spend 4.2 trillion won to build a cylindrical battery plant in Queen Creek, Arizona, that targets an annual production capacity of 27 gigawatt hours, equivalent to powering 350,000 all-electric cars, the company said in a release. ...
LG Energy to invest $5.5 bn to build new battery plants in US
LG Energy to invest $5.5 bn to build new battery plants in US
Source: IANS
24/03/2023 6:05:23 PM
Lithium reserves give India geo-political, economic advantage: Sulajja Motwani The finding of the 5.9 million tonnes of power metal lithium reserves in Jammu and Kashmir has significant geo-political and economic advantage for India, Sulajja Firodia Motwani, Founder and CEO of Kinetic Green Energy & Power Solution Ltd told IANS. The Pune-based Kinetic group -- that rolled out the famous Luna moped and Kinetic Honda automatic scooters -- is now making electric vehicles (EV) like scooters, three-wheelers and buggies. She also said India can become an export hu...
Lithium reserves give India geo-political, economic advantage: Sulajja Motwani
Lithium reserves give India geo-political, economic advantage: Sulajja Motwani
Source: IANS
28/02/2023 11:58:11 AM
India`s Eveready Q3 reports 77% drop in Q3 profit on higher costs Eveready Industries Ltd reported a 77% fall in third-quarter profit on Tuesday, as the Indian battery manufacturer battled high costs of raw material as well as climbing advertising and promotion costs. Consolidated net profit fell to 54.4 million rupees ($657,687.94) for the three months ended Dec. 31, compared to 237.1 million rupees a year earlier. "Profitability during the quarter was impacted by adverse movement in foreign exchange rates as well as continued high inflation in ...
India`s Eveready Q3 reports 77% drop in Q3 profit on higher costs
India`s Eveready Q3 reports 77% drop in Q3 profit on higher costs
Source: Reuters
7/02/2023 6:13:24 PM
EVs to get cheaper, Centre proposes customs duty exemption on batteries  The Central government on Wednesday said that to further provide impetus to green mobility, customs duty exemption is being extended to the import of capital goods and machinery required for manufacture of lithium-ion cells for batteries used in electric vehicles -- a move hailed by the EV industry players. Finance Minister Nirmala Sitharaman in her Union Budget 2023-24 speech said that the subsidies on EV batteries will be extended for one more year, hence making EVs cheaper in the ...
EVs to get cheaper, Centre proposes customs duty exemption on batteries
EVs to get cheaper, Centre proposes customs duty exemption on batteries
Source: IANS
1/02/2023 3:18:33 PM
Amara Raja Batteries jumps on getting nod to sell new energy business to ARACT Amara Raja Batteries is currently trading at Rs. 578.20, up by 12.20 points or 2.16% from its previous closing of Rs. 566.00 on the BSE. The scrip opened at Rs. 591.90 and has touched a high and low of Rs. 596.30 and Rs. 571.30 respectively. So far 81721 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 669.95 on 09-Dec-2022 and a 52 week low of Rs. 438.15 on 20-Jun-2022. Last one week high and low of the scrip st...
Amara Raja Batteries jumps on getting nod to sell new energy business to ARACT
Amara Raja Batteries jumps on getting nod to sell new energy business to ARACT
Source: Accord Fintech
27/01/2023 11:40:27 AM
Kabra Extrusiontechnik rises as its battery division receives AIS 156 Amendment III Phase 2 certification Kabra Extrusiontechnik is currently trading at Rs. 528.50, up by 5.55 points or 1.06% from its previous closing of Rs. 522.95 on the BSE. The scrip opened at Rs. 526.00 and has touched a high and low of Rs. 534.95 and Rs. 525.30 respectively. So far 346 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 575.80 on 24-Jan-2023 and a 52 week low of Rs. 256.00 on 20-Jun-2022. Last one week high and low of the scrip sto...
Kabra Extrusiontechnik rises as its battery division receives AIS 156 Amendment III Phase 2 certification
Kabra Extrusiontechnik rises as its battery division receives AIS 156 Amendment III Phase 2 certification
Source: Accord Fintech
27/01/2023 9:57:01 AM
Future Google TV to get self-charging, battery-free remote TW Electronics, the UK-based company behind the reference remote used on most Android TV and Google TV devices in recent years, has introduced a new design of the remote that includes a photovoltaic panel at the bottom that allows for self-charging of the battery. "Excited to announce the launch of a self-charging, battery-free #remotecontrol powered by indoor light. Developed with #Exeger, the device is #GoogleTV ready and easily integrated into your existing system," TW Electro...
Future Google TV to get self-charging, battery-free remote
Future Google TV to get self-charging, battery-free remote
Source: IANS
13/01/2023 5:07:14 PM
Monarch Tractor reveals electric robot tractors powered by Nvidia AI chips  Electric smart tractor company Monarch Tractor has revealed new electric robot tractors that are powered by AI (artificial intelligence) chips of Nvidia. At a launch event, the tractor company unveiled the first of six Founder Series MK-V tractors and revealed that Constellation Brands, a leading wine and spirits producer and beer importer, will be its first customer, said Nvidia in a blogpost on Thursday. In order to help farmers in lowering their carbon footprint, enhance field ...
Monarch Tractor reveals electric robot tractors powered by Nvidia AI chips
Monarch Tractor reveals electric robot tractors powered by Nvidia AI chips
Source: IANS
2/12/2022 4:22:00 PM
Tata Motors' JLR says CEO Bollore to resign Tata Motors-owned luxury carmaker Jaguar Land Rover said on Wednesday Chief Executive Officer Thierry Bollore would resign due to personal reasons after more than two years in the role. Adrian Mardell will take over as CEO on an interim basis, JLR said. A 32-year JLR veteran, Mardell is currently a member of the company's executive board. JLR hired former Renault boss Bollore as CEO in 2020, mandating him with the task of returning Britain's biggest carmaker to profit after it t...
Tata Motors' JLR says CEO Bollore to resign
Tata Motors' JLR says CEO Bollore to resign
Source: Reuters
16/11/2022 8:32:49 PM
Cummins, Tata Motors team up for hydrogen-powered engines U.S.-listed Cummins Inc said on Monday it has signed an agreement with Indian automaker Tata Motors to develop hydrogen-powered internal combustion engines, fuel cells and battery electric vehicle systems for commercial automobiles in India. Several automakers, including Tata Motors, are aggressively shifting towards greener forms of energy for their vehicles as they try to reduce their dependence on fossil fuels, with India targeting net-zero carbon emissions by 2070. India will be one...
Cummins, Tata Motors team up for hydrogen-powered engines
Cummins, Tata Motors team up for hydrogen-powered engines
Source: Reuters
14/11/2022 7:55:11 PM
Dragonfly Energy completes SPAC listing to boost solid state battery biz Battery technology company Dragonfly Energy has completed a listing through a merger with a special purpose acquisition company (SPAC). Dragonfly Energy, an industry leader in energy storage and producer of deep cycle lithium-ion storage batteries, completed its business combination with Chardan NexTech Acquisition 2 Corp. The combined company will operate under the name Dragonfly Energy Holdings Corp, the company said in a statement. The transaction generated a committed capital of ...
Dragonfly Energy completes SPAC listing to boost solid state battery biz
Dragonfly Energy completes SPAC listing to boost solid state battery biz
Source: IANS
13/10/2022 10:11:39 AM
Indo-National jumps as its arm bags Rs 113 crore order for modular interiors of `Vande Bharat` trains Indo-National is currently trading at Rs. 384.55, up by 42.90 points or 12.56% from its previous closing of Rs. 341.65 on the BSE. The scrip opened at Rs. 345.00 and has touched a high and low of Rs. 396.40 and Rs. 328.60 respectively. So far 3727 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 558.40 on 28-Dec-2021 and a 52 week low of Rs. 290.15 on 21-Jun-2022. Last one week high and low of the scrip stood at ...
Indo-National jumps as its arm bags Rs 113 crore order for modular interiors of `Vande Bharat` trains
Indo-National jumps as its arm bags Rs 113 crore order for modular interiors of `Vande Bharat` trains
Source: IANS
19/09/2022 10:27:02 AM
Harvard-backed startup develops EV battery tech with over 10K cycles US-based startup Adden Energy has achieved solid-state battery charge rates as fast as three minutes with over 10,000 cycles in a lifetime in lab settings. The startup has now been granted technology license from Harvard University to scale innovative lithium-metal battery technology for commercial deployment. "We have achieved in the lab 5,000 to 10,000 charge cycles in a battery's lifetime, compared with 2,000 to 3,000 charging cycles for even the best in class now, and we do...
Harvard-backed startup develops EV battery tech with over 10K cycles
Harvard-backed startup develops EV battery tech with over 10K cycles
Source: IANS
3/09/2022 4:45:51 PM
EV makers hail Centre's battery safety norms to allay consumers' fears  The EV makers on Friday welcomed the amended battery safety norms notified by the government, as consumers' fear grows over battery explosions and fire incidents, especially in the EV two-wheelers. The newly-issued guidelines by the Ministry of Road Transport and Highway include amendments to safety requirements related to battery cells, on-board charger, design of battery pack, and thermal propagation due to internal cell short-circuit leading to fire. The draft notification ...
EV makers hail Centre's battery safety norms to allay consumers' fears
EV makers hail Centre's battery safety norms to allay consumers' fears
Source: IANS
3/09/2022 10:25:26 AM
Centre for additional safety requirements in existing battery safety standards The Centre has recommended additional safety requirements in the existing battery safety standard,s with effect from October 1, with the amendments including additional safety requirements related to battery cells, battery management system (BMS), on-board charger, design of battery pack, thermal propagation due to internal cell short circuit leading to fire etc. Based on the recommendations of an expert committee report, the Ministry of Road Transport and Highway, on August 29 issued amen...
Centre for additional safety requirements in existing battery safety standards
Centre for additional safety requirements in existing battery safety standards
Source: IANS
2/09/2022 9:28:47 AM
Amara Raja Batteries inches up on completing investment in Log 9 Materials Scientific Amara Raja Batteries is currently trading at Rs. 510.70, up by 1.50 points or 0.29% from its previous closing of Rs. 509.20 on the BSE. The scrip opened at Rs. 505.40 and has touched a high and low of Rs. 514.95 and Rs. 505.40 respectively. So far 14944 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 781.00 on 11-Oct-2021 and a 52 week low of Rs. 438.15 on 20-Jun-2022. Last one week high and low of the scrip sto...
Amara Raja Batteries inches up on completing investment in Log 9 Materials Scientific
Amara Raja Batteries inches up on completing investment in Log 9 Materials Scientific
Source: Accord Fintech
1/09/2022 12:07:55 PM
IAN invests INR 1.8 crore in EV tech startup Electrifuel The startup intends to utilize the freshly raised funds for expanding in-house teams, scaling up production, and investing in its R&D. Electrifuel, a Delhi-NCR based EV technology startup, has raised INR 1.8 crore in its Seed Round from the Indian Angel Network (IAN). The round was led by IAN Lead Investors Mr. Vishnuraj Kunjur, Mr. Sahil Kejriwal, and Mr. Pradeep Gupta. The company intends to utilize the funds to hire top talents for multiple roles to expand its team while scaling ...
IAN invests INR 1.8 crore in EV tech startup Electrifuel
IAN invests INR 1.8 crore in EV tech startup Electrifuel
Source: PR Agency
31/08/2022 5:35:46 PM
Amara Raja Batteries gains on planning to invest Rs 77 crore in Log 9 Amara Raja Batteries is currently trading at Rs. 516.45, up by 4.90 points or 0.96% from its previous closing of Rs. 511.55 on the BSE. The scrip opened at Rs. 514.00 and has touched a high and low of Rs. 518.00 and Rs. 513.55 respectively. So far 1492 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 781.00 on 11-Oct-2021 and a 52 week low of Rs. 438.15 on 20-Jun-2022. Last one week high and low of the scrip stoo...
Amara Raja Batteries gains on planning to invest Rs 77 crore in Log 9
Amara Raja Batteries gains on planning to invest Rs 77 crore in Log 9
Source: Accord Fintech
25/08/2022 11:05:37 AM
Small Cap : Buy Exide Industries Ltd For Target Rs. 226 - Geojit Financial Services Superior product mix and cost optimization Exide Industries Limited (EIL) is a market leader in storage batteries in India, with a 60% market share. Its segment includes automotive & industrial batteries and it controls 86 percent of the 2W market • Revenue increased by 57% YoY in Q1FY23, primarily to a lower base & strong growth from the Aftermarket, UPS and Solar segments. • Despite an increase in the lead price for the quarter, stringent cost control measure has ...
Small Cap : Buy Exide Industries Ltd For Target Rs. 226 - Geojit Financial Services
Small Cap : Buy Exide Industries Ltd For Target Rs. 226 - Geojit Financial Services
Source: Geojit Financial Services Ltd
11/08/2022 3:30:42 PM
Amara Raja Batteries surges on reporting 6% rise in Q1 consolidated net profit Amara Raja Batteries is currently trading at Rs. 514.15, up by 9.40 points or 1.86% from its previous closing of Rs. 504.75 on the BSE. The scrip opened at Rs. 508.30 and has touched a high and low of Rs. 521.55 and Rs. 508.00 respectively. So far 80906 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 781.00 on 11-Oct-2021 and a 52 week low of Rs. 438.15 on 20-Jun-2022. Last one week high and low of the scrip sto...
Amara Raja Batteries surges on reporting 6% rise in Q1 consolidated net profit
Amara Raja Batteries surges on reporting 6% rise in Q1 consolidated net profit
Source: Accord Fintech
8/08/2022 12:58:14 PM
EV firm Komaki launches fire-resistant batteries in India As fires in electric two-wheelers bring sales down for several players amid government probes, EV company Komaki on Tuesday said it has launched fireproof batteries in India that will be available in all company vehicles from next month. According to the company, it has introduced lithium-ion ferro phosphate (LiFePO4) batteries in the market, which are more fire-resistant. "This breakthrough will further establish Komaki as a trusted brand in the market. We have developed an easy-t...
EV firm Komaki launches fire-resistant batteries in India
EV firm Komaki launches fire-resistant batteries in India
Source: IANS
2/08/2022 5:12:00 PM
Buy V-Guard Industries For Target Rs.295 - Centrum Broking Rising scale and self?manufacturing to aid growth & margin VGRD reported a healthy topline of Rs10.1bn (Q1FY20?23 CAGR at 13%), above our / consensus estimates by 18%/11%. South/Non?south sales mix was Rs5.4bn/Rs4.8bn with 3 year CAGR of 12%/14%. Gross margin rose 110bps QoQ to 29.8%, due to pricing actions in Q4FY22 and is likely to revert to pre?COVID level of 32?33% due to a further 3% price hike in Q1FY23 for certain products and softening of...
Buy V-Guard Industries For Target Rs.295 - Centrum Broking
Buy V-Guard Industries For Target Rs.295 - Centrum Broking
Source: Centrum Broking Ltd
30/07/2022 12:12:04 PM
NHEV suggests black-box like feature to monitor EV batteries As EV battery fires continue unabated in the country, the National Highways for Electric Vehicles (NHEV) has come up with safety recommendations related to battery swapping and charging infrastructure. The suggestions also include installing a black-box like feature to monitor battery systems and identifying the issues that lead to battery failure. The organisation has issued 12 guidelines that include identifying battery failure issues along with problems regarding battery fires throug...
NHEV suggests black-box like feature to monitor EV batteries
NHEV suggests black-box like feature to monitor EV batteries
Source: IANS
28/06/2022 3:01:02 PM
Tiger Global leads $25 mn fund-raise by India's Battery Smart EV battery-swapping provider Battery Smart on Monday said it has raised $25 million in its Series A round led by Tiger Global, along with participation from Blume Ventures and Orios Ventures. The startup said the funds will be utilised to expand to new territories, strengthen its 'Battery Assignment Technology', and build its team to continue scaling operations. "With this investment, we are focused on bringing our offerings to even more EV users pan-India, by increasing th...
Tiger Global leads $25 mn fund-raise by India's Battery Smart
Tiger Global leads $25 mn fund-raise by India's Battery Smart
Source: IANS
27/06/2022 1:27:05 PM
8 top EV makers adopt US govt's recommendation on battery fires Eight electric vehicle manufacturers have adopted a recommendation by the US National Transportation Safety Board (NTSB) on improving their emergency response guidelines and incorporating vehicle-specific information for fighting high-voltage lithium-ion battery fires. Honda, Hyundai, Mitsubishi, Porsche, Proterra, Van Hool, Volkswagen and Volvo have successfully completed the actions asked for in the NTSB recommendation, the agency said in a statement. NTSB issued the recommendation in...
8 top EV makers adopt US govt's recommendation on battery fires
8 top EV makers adopt US govt's recommendation on battery fires
Source: IANS
7/06/2022 3:29:16 PM
IISc, collaborators come up with novel strategy to make fast-charging solid-state batteries In a breakthrough, researchers at the Indian Institute of Science (IISc) and their collaborators have discovered how next-generation solid-state batteries fail and devised a novel strategy to make these batteries last longer and charge faster. Solid-state batteries are poised to replace the lithium-ion batteries found in almost every portable electronic device. But on repeated or excessive use, they develop thin filaments called 'dendrites' which can short-circuit the batteries and...
IISc, collaborators come up with novel strategy to make fast-charging solid-state batteries
IISc, collaborators come up with novel strategy to make fast-charging solid-state batteries
Source: Accord Fintech
3/06/2022 12:46:38 PM
Vedanta commissions largest lithium-ion battery powered fleet of 27 forklifts India's largest producer of aluminium Vedanta Aluminium has commissioned India's largest electric fleet of 27 forklifts, powered by lithium-ion batteries. Done in partnership with Gemini Equipment and Rentals India, this feat sets the ball rolling on Vedanta Aluminium's plans to decarbonise its industrial vehicle fleet. These electric forklifts make use of the cutting-edge system to help ensure the highest levels of safety at site, besides using Internet of Things technology...
Vedanta commissions largest lithium-ion battery powered fleet of 27 forklifts
Vedanta commissions largest lithium-ion battery powered fleet of 27 forklifts
Source: IANS
1/06/2022 5:22:15 PM
Samsung SDI, Stellantis to set up $2.5 bn battery plant in US South Korean battery maker Samsung SDI said on Wednesday it is investing $1.29 billion in an electric vehicle battery plant to be built in the Indiana state in the US under a joint venture with Stellantis NV. Samsung SDI will own a 51 per cent stake in the $2.5 billion joint venture company set up with the Chrysler parent, and its investment could increase to as much as $1.57 billion in the long term, it said in a regulatory filing. Samsung SDI and Stellantis may boost their investment ...
Samsung SDI, Stellantis to set up $2.5 bn battery plant in US
Samsung SDI, Stellantis to set up $2.5 bn battery plant in US
Source: IANS
25/05/2022 1:35:29 PM
Battery industry sales to cross $168 bn 2030 amid raw material shortages The battery industry revenues may exceed $168 billion by 2030 but severe global shortages are highly likely from 2025, a new report said on Monday. The battery industry is set to be one of the most significant over the next 10 years. A compound annual growth rate (CAGR) of 14 per cent is expected by 2030, mostly driven by sales from lithium-ion batteries. However, according to data and analytics company GlobalData, extraction of raw materials will not meet soaring demand unless capital ...
Battery industry sales to cross $168 bn 2030 amid raw material shortages
Battery industry sales to cross $168 bn 2030 amid raw material shortages
Source: IANS
23/05/2022 4:30:40 PM