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South Korean battery makers`global market share declines  Three South Korean electric vehicle battery makers saw their combined global market share fall from a year earlier in the first 10 months of 2024 amid robust growth of Chinese rivals, industry data showed on Monday.  The trio -- LG Energy Solution, SK On Co. and Samsung SDI Co. -- held a combined 20.2 percent of the global EV battery market in the January-October period, down 3.5 percentage points from a year earlier, according to the data from market researcher SNE Research. ...
South Korean battery makers`global market share declines
South Korean battery makers`global market share declines
Source: IANS
2024-12-09 10:13:01 am
Exide Industries jumps on investing Rs 100 crore in Exide Energy Solutions Exide Industries is currently trading at Rs. 435.40, up by 9.65 points or 2.27% from its previous closing of Rs. 425.75 on the BSE. The scrip opened at Rs. 426.55 and has touched a high and low of Rs. 440.65 and Rs. 426.00 respectively. So far 107474 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 620.00 on 25-Jun-2024 and a 52 week low of Rs. 278.40 on 20-Dec-2023. Last one week high and low of the scrip stood ...
Exide Industries jumps on investing Rs 100 crore in Exide Energy Solutions
Exide Industries jumps on investing Rs 100 crore in Exide Energy Solutions
Source: Accord Fintech
2024-11-27 12:52:07 pm
Asia-Pacific’s EV battery market to reach 29.9 mn units by 2029, India`s FAME makes strides The volume of xEV batteries, essential for powering electric vehicles. is projected to reach 29.9 million units in the Asia-Pacific region by 2029, at a compound annual growth rate (CAGR) of 9.3 per cent, a report said on Monday, stressing that India and Japan are making significant strides in promoting EV adoption through various government initiatives.  The volume of the xEV traction batteries market is estimated to be around 19.2 million units in 2024, showing a consistent growth t...
Asia-Pacific’s EV battery market to reach 29.9 mn units by 2029, India`s FAME makes strides
Asia-Pacific’s EV battery market to reach 29.9 mn units by 2029, India`s FAME makes strides
Source: IANS
2024-11-25 03:58:36 pm
LG Energy to supply batteries for US-based Bear Robotics LG Energy Solution Ltd (LGES), South Korea's leading battery maker, said on Monday it has signed an initial pact with US-based Bear Robotics to become its sole supplier of cylindrical batteries.  LGES signed a memorandum of understanding with the Silicon Valley-based artificial intelligence autonomous service robot company to supply its cylindrical battery cells for Bear Robotics' flagship robots, such as Servi Plus and Carti 100, from next year, the company said in a statemen...
LG Energy to supply batteries for US-based Bear Robotics
LG Energy to supply batteries for US-based Bear Robotics
Source: IANS
2024-11-18 09:58:41 am
Lithium-ion battery demand in India to grow to 127 gigawatt hour by FY30 The lithium-ion battery demand in India is set to grow exponentially to 54 gigawatt hour (GWh) by FY27 and 127 GWh by FY30, as the country sets an ambitious target to meet 50 per cent of its primary energy requirement from renewable energy by 2030.  Currently, domestic lithium-ion battery storage demand of 15 GWh is being almost entirely met through imports of lithium-ion cells and batteries. India imports almost its entire requirement of Li-ion batteries. However, CareEdge Ratings...
Lithium-ion battery demand in India to grow to 127 gigawatt hour by FY30
Lithium-ion battery demand in India to grow to 127 gigawatt hour by FY30
Source: IANS
2024-11-16 12:14:44 pm
Hindustan Zinc, JNCASR partner for new-age zinc-based battery technology Hindustan Zinc on Wednesday joined hands with Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), a premier institute sponsored by the Department of Science and Technology, to advance the future of energy storage and sustainable energy solutions in the country.  The Memorandum of Understanding (MoU) between the companies marks a pivotal moment in the evolution of battery technologies, leveraging zinc's abundant resource availability, cost-effectiveness, and sustaina...
Hindustan Zinc, JNCASR partner for new-age zinc-based battery technology
Hindustan Zinc, JNCASR partner for new-age zinc-based battery technology
Source: IANS
2024-08-21 05:35:16 pm
Sell Amara Raja Energy & Mobility Ltd. For Target Rs.: 625 - Emkay Global Amara Raja’s Q3 performance was a beat with revenue/EBITDA growth of 9%/3% YoY; margins expanded 46bps QoQ to 14.2% (vs. ~30bps decline at Exide). We have built in a ~9%/~8% revenue/PAT CAGR over FY24E-26E, factoring in continued recovery in the base lead-acid business (amid an uptick in replacement demand and stability in raw-material prices). We have tweaked our FY24E/FY25E/FY26E EPS by ~3%/2%/2%, driven by Q3 margin beat. Immediate triggers for the lithium business remain some time a...
Sell Amara Raja Energy & Mobility Ltd. For Target Rs.: 625 - Emkay Global
Sell Amara Raja Energy & Mobility Ltd. For Target Rs.: 625 - Emkay Global
Source: Emkay Global
2024-05-01 10:29:06 am
Uno Minda gains on raising Rs 100 crore through NCDs UNO Minda is currently trading at Rs. 725.85, up by 1.10 points or 0.15% from its previous closing of Rs. 724.75 on the BSE. The scrip opened at Rs. 730.10 and has touched a high and low of Rs. 731.45 and Rs. 720.10 respectively. So far 7831 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 764.65 on 09-Apr-2024 and a 52 week low of Rs. 497.95 on 27-Apr-2023. Last one week high and low of the scrip stood at Rs. 73...
Uno Minda gains on raising Rs 100 crore through NCDs
Uno Minda gains on raising Rs 100 crore through NCDs
Source: Accord Fintech
2024-04-29 01:58:24 pm
LG Energy plans to sell batteries to more EV car makers in India South Korea's LG Energy Solution, the biggest supplier of battery cells to electric scooter makers in India, plans to grow its presence in the country's passenger vehicle market, the company said in a statement on Thursday. LG Energy, which globally supplies batteries to car makers like Tesla and Hyundai, said it is "proactively seeking partnerships" with domestic EV makers as it looks to grow its business in one of the world's fastest-growing car markets. The company...
LG Energy plans to sell batteries to more EV car makers in India
LG Energy plans to sell batteries to more EV car makers in India
Source: Reuters
2024-02-08 12:58:47 pm
Hold Exide Industries Ltd For Target Rs.260 - Emkay Global Financial Services Exide’s Q2 results were healthy, with a beat on margin (up by 115bps QoQ to 11.8% vs Emkay: 11%) and PAT, driven by cost efforts. Continued recovery in core lead acid replacement demand, along with sustained cost management actions, would help drive ~8%/~15% EPS CAGR over FY23-26E (our forward estimates are unchanged). However, uncertainty around the lithium-ion space in terms of adoption rates (e.g., stagnating E-2W penetration levels) and competitive intensity (with large OEMs looking...
Hold Exide Industries Ltd For Target Rs.260 - Emkay Global Financial Services
Hold Exide Industries Ltd For Target Rs.260 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-11-28 12:12:02 pm
Add UNO Minda Ltd For Target Rs. 629 - Choice Broking Q2FY24 performance for UNO Minda was better than expected on all fronts backed by ramp up of new capacity in alloy wheel segments. The company registered a top line growth of 25.9% YoY to Rs.36.2bn (est. of 34.3bn) supported by strong growth in casting and lighting segment. During the quarter, the company achieved the highest ever production of 2W Alloy Wheel and 4W Alloy Wheel. Gross profit for the quarter was up by 23.1% YoY and EBIDTA grew by 26.1% YoY to Rs.4.01bn. EBIDTA margin for the q...
Add UNO Minda Ltd For Target Rs. 629 - Choice Broking
Add UNO Minda Ltd For Target Rs. 629 - Choice Broking
Source: Choice Broking
2023-11-13 02:44:58 pm
LG Energy Solution, Ford scrap plan to build EV battery plant LG Energy Solution Ltd (LGES), South Korea's top battery maker, said on Saturday its plan to build a battery plant in Turkey with Ford Motor has been scrapped as a Turkish partner revoked its participation in the project. In February, LG Energy Solution signed a non-binding agreement with Ford and Turkey's Koc Holding to push for a joint venture to build an EV battery in Baskent, a city near the Turkish capital of Ankara. But Koc decided to revoke its participation, citing its c...
LG Energy Solution, Ford scrap plan to build EV battery plant
LG Energy Solution, Ford scrap plan to build EV battery plant
Source: IANS
2023-11-11 10:02:45 am
India`s Exide Industries tops Q2 profit view, says `optimistic` on demand  India's Exide Industries on Monday reported a better-than-expected second-quarter profit helped by steady sales, and said it was optimistic on the near-to-medium term demand outlook. The battery maker posted a standalone net profit after tax of 2.87 billion rupees ($34.50 million) for the quarter to Sept. 30, up 16.5% year-on-year. It also beat analysts' estimate of 2.6 billion rupees, per LSEG data. A jump in vehicle sales was key to Exide's earnings, as the compan...
India`s Exide Industries tops Q2 profit view, says `optimistic` on demand
India`s Exide Industries tops Q2 profit view, says `optimistic` on demand
Source: Reuters
2023-11-06 01:54:16 pm
India`s Amara Raja Q2 profit climbs as demand offsets higher costs India's Amara Raja Energy & Mobility on Tuesday reported a jump in second-quarter profit, as improved demand for its products helped offset higher expenses. The Amaron battery maker's consolidated net profit after tax came in at 2.26 billion rupees ($27.2 million), up nearly 13% from a year ago. Improved rainfall in September led to a recovery in rural demand, particularly for two-wheelers, analysts said, leading to increased battery sales for Amara Raja. Amara Raja's...
India`s Amara Raja Q2 profit climbs as demand offsets higher costs
India`s Amara Raja Q2 profit climbs as demand offsets higher costs
Source: Reuters
2023-11-01 11:08:17 am
India`s EAM to build $650-million EV battery materials plant in US India's Epsilon Advanced Materials (EAM) plans to open a $650-million battery materials and components plant in North Carolina in 2026 that could eventually supply up to 1.1 million electric vehicles in the U.S., the company said on Thursday. Mumbai-based EAM, a unit of Epsilon Carbon, said it will make anodes, the negative electrodes in batteries, from both natural and synthetic graphite. EAM, which also plans to make synthetic graphite at the plant, said it is in discussions with sup...
India`s EAM to build $650-million EV battery materials plant in US
India`s EAM to build $650-million EV battery materials plant in US
Source: Reuters
2023-10-27 09:43:43 am
Indo National touches roof as its arm bags Rs 100 crore contract from BAE Systems Indo-National is currently trading at upper limit of? Rs. 545.35, up by 10.65 points or 1.99% from its previous closing of Rs. 534.70 on the BSE.The scrip opened at Rs. 545.35 and has touched a high and low of Rs. 545.35 and Rs. 545.35 respectively. So far 90 shares were traded on the counter.The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 545.35 on 19-Oct-2023 and a 52 week low of Rs. 284.35 on 28-Mar-2023.Last one week high and low of the scrip stood at Rs. 545...
Indo National touches roof as its arm bags Rs 100 crore contract from BAE Systems
Indo National touches roof as its arm bags Rs 100 crore contract from BAE Systems
Source: Accord Fintech
2023-10-19 11:29:50 am
India to auction Jammu and Kashmir lithium reserves in few weeks -government source India's federally administered region of Jammu and Kashmir will auction its lithium reserves over the next few weeks, a government source with close knowledge of the matter said on Monday.India, which has been exploring ways to secure supplies of lithium, a critical raw material used to make electric vehicle batteries, in February found its first lithium deposits in Jammu and Kashmir with estimated reserves of 5.9 million tonnes."The auction will happen soon and some overseas miners have show...
India to auction Jammu and Kashmir lithium reserves in few weeks -government source
India to auction Jammu and Kashmir lithium reserves in few weeks -government source
Source: Reuters
2023-09-25 02:32:25 pm
Tesla exploring to build battery storage factory in India Elon Musk-run Tesla is reportedly planning to build a factory for battery storage in India and has submitted a proposal for the same to the government.According to a report in Reuters, citing sources, the electric car-maker proposed supporting the country's battery storage capabilities with its ?Powerwall" during recent meetings.Powerwall is an integrated battery system that stores solar energy for backup protection when the grid goes down.The system detects outages, powers your home and elec...
Tesla exploring to build battery storage factory in India
Tesla exploring to build battery storage factory in India
Source: IANS
2023-09-22 09:44:15am
Exide Industries gains on investing Rs 125 crore in Exide Energy Solutions Exide Industries is currently trading at Rs. 262.55, up by 0.80 points or 0.31% from its previous closing of Rs. 261.75 on the BSE.The scrip opened at Rs. 261.75 and has touched a high and low of Rs. 262.95 and Rs. 260.50 respectively. So far 6954 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 280.00 on 12-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 at Rs. 270.25 and Rs. ...
Exide Industries gains on investing Rs 125 crore in Exide Energy Solutions
Exide Industries gains on investing Rs 125 crore in Exide Energy Solutions
Source: Accord Fintech
2023-09-21 10:04:22am
Amara Raja Batteries gains on launching new brand `Amaron Hi Life Lubes` Amara Raja Batteries is currently trading at Rs. 660.50, up by 4.20 points or 0.64% from its previous closing of Rs. 656.30 on the BSE.The scrip opened at Rs. 668.00 and has touched a high and low of Rs. 668.00 and Rs. 660.00 respectively. So far 27011 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 708.45 on 06-Jul-2023 and a 52 week low of Rs. 479.20 on 03-Oct-2022.Last one week high and low of the scrip stood at Rs. 673.65 and...
Amara Raja Batteries gains on launching new brand `Amaron Hi Life Lubes`
Amara Raja Batteries gains on launching new brand `Amaron Hi Life Lubes`
Source: Accord Fintech
2023-09-11 10:49:46am