BATTERY PLANT FIRE
How one of the world's strongest car unions is dealing with EV job losses
Toyota in Japan and Hyundai or Kia in South Korea navigate challenges from technological transformation and electrification.
South Korea begins search for answers after battery plant fire kills 22
Following a devastating fire at a lithium battery factory in South Korea that claimed the lives of 22 workers with one still missing, urgent safety inspections have been ordered at high-risk industrial sites. The blaze, which erupted in a warehouse containing 35,000 lithium batteries, resulted in toxic smoke, likely causing the workers to lose consciousness and perish within seconds. The majority of the victims were temporary workers from China, prompting investigations into safety regulations and training practices for foreign laborers.
Fire at a lithium battery factory in South Korea kills 22
A fire at a manufacturing factory in South Korea, likely caused by exploding lithium batteries, resulted in the death of 22 workers, mostly Chinese migrants, and injured 8 others. The incident occurred during battery examination and packaging, with nationalities of the victims including Chinese, South Korean, and Laotian. Authorities are investigating the blaze, while efforts continue to locate a missing worker and treat the injured.
India set to see biggest jump in coal-fired power in a decade
India is set to add 15.4 gigawatts of new coal power capacity this year, the most in nearly a decade, to meet rising electricity demand. Despite clean-power goals, coal remains vital due to economic growth and severe heat waves. Challenges in energy storage hinder renewable expansion, with slow progress in alternative technologies.
Scorching heat drives India's gas-fired power use to multi-year highs in May
Sweltering heat and policy measures are driving a surge in gas-fired power use in India, with LNG imports set to sharply rise over the next two years. Gas-fired power generation doubled in April and May, impacting coal's share. India's LNG imports are forecasted to increase, driven by the power sector's growing demand for flexibility.
Overheating electricity: How India can address supply shortages and renewable energy challenges
With temperatures soaring to record levels across India, the Government of India has taken steps to address the impending surge in electricity demand by instructing idling power plants to increase operations. This move comes as a response to the high demand for electricity not translating into adequate purchases by utilities, leading to shortages in power supply.
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AP fire-hit Foxlink back on track with a new Tamil Nadu plant
Apple supplier, Foxlink of Taiwan, is setting up a new factory in Oragadam, close to Chennai. This move comes as part of a fresh expansion plan following a destructive fire at their facility in Tirupati, Andhra Pradesh, last year.
Giant batteries are transforming the way the U.S. uses electricity
Power companies across the US are using large batteries, similar in size to shipping containers, to tackle the main drawback of renewable energy: the inconsistency of wind and solar availability.
Electric vehicles will start to cut emissions and improve air quality in our cities - but only once they're common
We would get more immediate benefit by focusing on electrifying buses, which are a surprisingly large source of air pollution, and finding ways to cut rapidly growing emissions from diesel trucks.
Why energy storage is key to global renewable goals
G7 environment ministers committed on Tuesday to ramp up the production and deployment of battery storage technology, an essential component for increasing renewable energy and combating climate change. The G7 said Tuesday it would not only support more production and use of battery storage, but promote technological advancements in the sector as well as grid infrastructure. cho/giv/np/tw
Sodium batteries from Michigan to challenge lithium’s grip
Sodium-ion batteries offer benefits over their lithium-ion counterparts. They can discharge faster, providing short, intense bouts of power.
Coal, the dirtiest fossil fuel, is preparing for a long goodbye in India and China
Thanks to a combination of China’s energy insecurity — pushing Beijing back to trusted power sources — plus rising Indian demand, the continued fallout from the war in Ukraine and faltering international programs to wean developing economies off fossil fuels, coal is proving remarkably resilient. Output hit a record last year, and producers are preparing for a future where they will be required for decades yet to balance renewable energy.
Mayuresh Joshi on 3 stocks that can be bought on dips now
Mayuresh Joshi, Head-Equity Research India at William O'Neil, recommends buying opportunities in stocks like Exide, Amara Raja, and Pidilite in the midcap space. He also suggests considering midcap IT stocks and pharma companies like Sun Pharma, Cipla, Natco, and Torrent Pharma. Joshi says they will be keeping eyes open for any pullback in stocks like Persistent and Coforge within midcap IT space.
Modi’s fading renewables vision fires up India’s coal sector
By entangling clean power in red tape while using state-owned bad banks and eye-watering power tariff rises to bail out insolvent fossil power, New Delhi has skewed the playing field toward the more costly, dirty technology.
Lawmakers want US to probe four Chinese firms involved in Ford battery plant
The four Chinese companies have direct ties to the Chinese military, Chinese Communist Party, North Korean government and alleged human rights abuses in China's Xinjiang region. The plant has drawn fire from U.S. lawmakers for its use of technology supplied by Chinese battery maker CATL.
Solution to pollution: Are electric cars ‘green’?
While demand for EVs is rising, India needs to ensure that this transition in transportation is truly green.
Nissan ramps up EV plans in UK with $1.4-billion investment
Nissan said its plans for electric versions of the Qashqai and Juke, produced in Sunderland, northeast England, would require a total investment of up to 2 billion pounds, including a third battery plant in Britain and infrastructure projects that partners would help to finance.
Are iron-flow batteries the solution to variable renewables?
Iron-flow batteries, which can provide electricity for longer durations and are cheaper than lithium-ion units, are being considered as a potential solution. However, supportive regulations and infrastructure will be necessary for large-scale deployment.
Beware: These 5 household items could land you in legal trouble when thrown in the garbage
Disposing of household items may appear innocuous, yet there are at least five items with notable environmental risks. Incorrectly disposing of these items can result in penalties or, in severe instances, imprisonment.
Pegatron India fire traced to workers' failure to turn off switch -sources
The next day was a holiday, with just a few maintenance workers on duty, but the "fire could have been nipped in the bud had there been more workers in the facility," the government source said. One smartphone industry source with direct knowledge said the charging racks at the Pegatron plant are typically switched off after three Saturday shifts end early on Sundays.
Pegatron India fire traced to workers' failure to turn off switch
A spokesperson late on Wednesday said production had restarted, without providing further details.
Ola Electric scooter fire being investigated in southern Kerala
This is the second known incident of an Ola S1 range scooter catching fire. Investigations are on into the incident in Nedumangad in Kerala.
EV parts to iPhones, Foxconn making India second home
The Taiwanese contract manufacturer is on an expansion spree in India and states are rolling out the red carpet
Scratched EV battery? Your insurer may have to junk the whole car
Battery packs can cost tens of thousands of dollars and represent up to 50% of an EV's price tag, often making it uneconomical to replace them.
Honda’s CEO bets on new battery technology to catch up in EV race
Honda is seeking to catch up with peers outrunning it in the race to dominate a crucial market that is seeing a faster transition away from traditional cars and trucks. The automaker has teamed up with Sony Group Corp. to develop EVs and has pledged to sell only electrified vehicles by 2040.
Apple Inc supplier declares 30-day holiday at Andhra Pradesh plant after fire accident
"They (Management) declared holidays for employees for 30 days," said Renigunta deputy superintendent of police (DSP) A. Ramachandra, who is monitoring the situation at the plant. Examining the mishap, he indicated that 30 days may not be enough.
Electric cars are taking off, but when will battery recycling follow?
Sales of electric cars and trucks are taking off, and the auto and battery industries are investing billions of dollars to upgrade and build factories. These cars could help address climate change, but batteries pose their own problems.
Hindustan Zinc to spend over $1 billion on shift to battery-operated mining vehicle, green energy user
The company with an annual production of 1 million tonne zinc, up from 1 lakh tonne when it was privatized by the government in 2002, also expects stable demand in the March quarter despite the growing fears of a global recession, its chief executive Arun Misra told PTI over the weekend.
Amid incidents of e-vehicles catching fire, companies charged up about EV battery localisation
Most EV cells in use in India are manufactured elsewhere in Asia, and undergo heading and temperature cycling tests after import. However, what needs to be ensured is that the imported cells carry the valid test certificates, meet the minimum code conditions to avoid non-standard cell usage.
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