LITHIUM BATTERY DEMAND IN INDIA
DVC to invest Rs 20,000 cr in solar energy projects by 2030
The Kolkata-headquartered corporation now has only 14 MW installed solar capacity and is executing a 348 MW project in association with NTPC. A 250MW/hour capacity of battery storage is also under consideration, he said.
India's EV plans to get a policy boost as govt may fast-track 3 big-ticket schemes
The Indian government plans to fast-track three major electric vehicle schemes in its first hundred days, including incentives for local battery production and electric bus procurement under FAME 3. Aimed at boosting clean mobility, these initiatives aim to propel India towards net-zero goals amid rising global demand for EVs.
Jammu and Kashmir lithium block gets no bids in second attempt
India's Jammu and Kashmir failed to attract bids in its second attempt to auction mining rights for newly discovered lithium reserves, estimated at 5.9 million metric tons. The block may now be assigned to a government agency for further exploration. This comes amid India's strategic focus on securing critical minerals for electric vehicle batteries.
India in talks with African and Latin American countries for critical mineral blocks, says official
"We are having lots of discussions with many other resource-rich countries both in Africa as well as in Latin America for getting a block on a G2G basis or on a priority basis", the joint secretary said.
Serbia's green activists rally against Rio Tinto lithium project
In Loznica, Serbia, scores protested against the Rio Tinto lithium project, fearing environmental damage. Despite revoked licenses in 2022, protesters demand a ban on lithium mining within 40 days, threatening nationwide blockades. The Jadar project, opposed by environmentalists, could supply 90% of Europe's lithium needs. Serbia's President Vucic signals readiness to approve the controversial mine.
Ola Electric to invest $100 mn in first phase of Gigafactory, says Bhavish Aggarwal
Ola Electric, the electric vehicle manufacturer, plans to invest $100 million in the first phase of building its Gigafactory for producing lithium-ion battery cells. The investment will be used for 'phase 1A' of the Gigafactory, which will set up 1.5 GWh of cell manufacturing capacity. The aim is to expand capacity to 5 GWh in 'phase 1B'.
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Ola Electric to invest $100 million in gigafactory
Ola Electric founder Bhavish Aggarwal said is developing a 4680 form of battery cells, which is more energy-dense and advanced than the 2170 form of battery cells it currently sources for its electric scooters.
Amara Raja shares rally 20% to fresh highs as company signs agreement for lithium ion batteries
Amara Raja Energy partners with Gotion High-Tech for advanced cell manufacturing, accessing technology, Gigafactory facilities, and battery materials. Collaborations with InoBat strengthen LiB battery development.
Amara Raja inks licensing pact with GIB EnergyX for Li-ion cells technology
Amara Raja Advanced Cell Technologies Pvt Ltd signed a licensing agreement with GIB EnergyX Slovakia s.r.o. for Gotion's 'LFP technology' for lithium-ion cells.
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's electronic manufacturing may reach USD 500 bn by 2030: CII report
India needs to take critical actions to transform its electronic sector ecosystem from an 'import dependent assembly led manufacturing' to 'component level value-added manufacturing', highlights a report by Confederation of Indian Industry.
Key EV battery material can come from a surprising source: Methane
China leads in graphite production but US seeks growth. Biden administration prioritizes boosting domestic production.
IGL to diversify into solar rooftop, battery recycling
"With the exponential growth being witnessed in the electric vehicle market, demand for batteries has risen significantly. Many rare earth metals go into battery manufacturing, so IGL thinks recycling them could be a lucrative option, especially when not many companies are doing it," said another senior industry executive.
Coal India exploring lithium assets in Argentina with U.S. company
Coal India Ltd, in collaboration with a U.S. firm, is exploring lithium blocks in Argentina to secure battery material supplies under the U.S.-led Minerals Security Partnership. This initiative aims to diversify critical minerals supply chains and reduce dependency on China, with preliminary studies currently underway.
The world needs more batteries — but not this many
The oversupply of battery factories being constructed globally is set to exceed the demand for lithium-ion cells in the coming years, according to a report by BloombergNEF. The surge in battery production is driven by the increasing demand for electric vehicles and energy storage solutions. By the end of 2025, the global battery industry is projected to have the capacity to produce over five times the number of cells needed that year, creating a challenging situation for new entrants in the battery market.
India's Altmin in talks with Australia for lithium supplies
Indian battery materials producer Altmin is in discussions with the Australian government to secure lithium supplies as part of its expansion strategy to meet growing demand for the critical mineral. Altmin currently sources lithium carbonate from Brazil and Bolivia and aims to establish lithium refineries in Brazil and Australia. The company plans to set up a cathode active materials plant in India by 2025 and is raising funds for its expansion efforts.
Stock Radar: This battery maker stock turned multibagger in a year; what should investors do?
Exide Industries has given massive returns to its investors in a year and according to experts there is more steam left in the stock. The stock has an upside of 143% in a year. After consolidating in a narrow range for the past few weeks, it gave a breakout from the same this week. The sudden rise followed by consolidation resembles a breakout above a Flag & Pole pattern.
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.
Talent demand in EV segment drives in new roles and contract hiring
The electric vehicle (EV) industry is booming, creating a demand for diverse skills and expertise. Opportunities span technical, leadership, and operational roles. Contract staffing is playing a crucial role in meeting the industry's needs, with a focus on talent development and agile solutions. Leaders face challenges in talent acquisition and navigating industry dynamics amidst rapid advancements.
Lithium miners shake up trading to tackle wild price swings
Rising demand from EVs and batteries has changed the perception of lithium from a niche metal into a closely-tracked commodity which attracts investment.
Coal India, NMDC, OVL look to secure critical mineral assets abroad
CIL, NMDC, OVL, and KABIL are collaborating to secure critical minerals overseas, focusing on lithium for EV batteries. India defines 30 critical minerals to meet energy transition goals for various sectors.
Technological factors can stall or spur adoption of EV 2-wheelers
The technological factors affecting electric two-wheelers (EV 2Ws) are integral to their development and widespread adoption in India, say EV industry stakeholders.
India considers incentives for lithium processing
India is contemplating providing incentives to private companies to establish lithium processing facilities in an effort to develop its lithium mining sector and bolster the supply of the EV battery metal. Under a new critical minerals policy being formulated by the mines ministry, incentives would be offered to companies to set up lithium processing plants, covering aspects from exploration to mining to value addition. While the exact form of incentives is yet to be determined, the government aims to draw inspiration from countries like Australia and Canada.
Himadri Speciality to invest Rs 220cr in Bengal to expand speciality carbon black capacity
The expansion, scheduled to be operational within the next 18 months and located at Singur in the Hooghly district, will be funded through internal accruals. This additional capacity of 70,000 tonnes per annum will increase the company's speciality carbon black capacity to 1.3 lakh tonnes per annum, enhancing the cumulative capacity to 2.5 lakh tonnes from the current 1.8 lakh tonnes, the official added.
Leasing of lithium-ion batteries for 3-wheelers to be rolled out soon in Kolkata
On the streets of Kolkata and surrounding areas, e-rickshaws, popularly known as 'toto', are set to be powered by lithium-ion batteries with the rolling out of a battery leasing model, officials said on Sunday. Neuron Energy, a lithium-ion battery maker, has joined hands with Urja Mobility to spearhead the leasing model which has so far been heard only in the business-to-business EV sector, they said.
After 17% surge, book profit or hold Exide; don’t rush in to buy: Sanjiv Bhasin
Sanjiv Bhasin prefers Exide for its early technology lead in lithium-ion as well as ICE batteries. The Exide stock surged after Hyundai and Kia announced partnership for EV battery localisation in India . Exide's advantage over Amara Raja is due to its strong market position as well as early tech disclosures.
Hyundai, Kia partner with Exide Energy Solutions for EV battery localisation in India
Hyundai Motor Company and Kia Corporation have teamed up with Exide Energy Solutions Ltd, an Indian battery manufacturer, to localize electric vehicle (EV) battery production in India. They aim to focus on lithium-iron-phosphate (LFP) cells, aligning with their EV expansion plans for the Indian market.
Panasonic to form JV with Indian Oil to manufacture cylindrical lithium-ion batteries in India
Cylindrical lithium-ion batteries are commonly used in consumer electronics, power tools, and electric vehicles. Panasonic Energy is a maker of automotive lithium-ion batteries. The two companies are engaging in a feasibility study regarding the utilisation of battery technology to facilitate the transition to clean energy in India, the statement said.
India set to send teams to Chile seeking lithium and copper assets, report says
Chile is a key target as it is the world's biggest supplier of copper and the second-biggest producer of lithium, which are essential for electric vehicle batteries and renewable energy systems in the push away from fossil fuels.
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