Page 5 - Battery Makers

Higher cost of lead compounds growth challenges for battery makers

Street prefers Exide to Amara Raja, given the valuation difference

Uncertainties rise as pandemic impacts customer orders: Exide Industries

Exide Industries said uncertainties have increased as customer orders have started getting impacted due to the second wave of COVID-19

Cabinet approves Rs 18,000-cr PLI scheme for battery manufacturing

The Centre hopes to create direct investment of Rs 45,000 cr in ACC Battery storage projects

Lithium-ion battery maker Lohum to invest Rs 250 cr on capacity expansion

Lithium-ion battery pack manufacturer and recycling company Lohum plans to invest up to Rs 250 crore in the next three years to enhance its capacity

LG, SK reach $1.8-billion settlement to end electric-vehicle battery spat

SK Innovation agreed to pay 2 trillion won ($1.8 billion) to LG Energy Solution, a unit of LG Chem, according to a statement from the two companies

S Korean battery makers agree $1.8 bn settlement, aiding Biden's EV push

South Korean battery makers agree $1.8 bn settlement, aiding Biden's EV push

Volkswagen takes aim at Tesla with its own European gigafactories

Volkswagen is also working on a major expansion of charging infrastructure, a lack of which is still seen as a big barrier to the mass adoption of battery-powered cars

Hyundai to invest $200 mn to build localised EVs for mass market in India

The company refuses to give a launch timeline, says it is in talks with battery makers and suppliers to localise a large portion of manufacturing in order to bring the cost down

Eveready records Rs 50.43 cr profit in Dec qtr on volume growth, price hike

Profit was Rs 90.60 cr in year-ago period, but this included exceptional gain of Rs 89.55 cr from land deal in Chennai

Exide Industries Q3 net profit jumps over two-fold to Rs 239.87 crore

Battery maker Exide Industries on Friday reported over two-fold jump in consolidated net profit after tax (PAT)

Start-up VoltUp partners with HPCL for battery swapping centres

Electric two and three wheeler battery swapping solutions start-up VoltUp on Monday said it has partnered with Hindustan Petroleum Corporation Ltd (HPCL) for opening battery swapping centres.

SUN Mobility aims to set up 100 battery swapping stations in Bengaluru

SUN Mobility said it plans to set up 100 battery swapping stations for electric vehicles (EVs) in Bengaluru by the end of 2021

Battery makers charged up for next leg of growth on replacement demand

Pick-up in industrial consumption, relatively benign lead prices point to improved earnings prospects

LG Chem to double China battery capacity to meet Tesla demand

South Korea's LG Chem Ltd plans to more than double production capacity of battery cells it makes in China for Tesla Inc electric vehicles next year

Reduced dumping of batteries from China turns game-changer for Eveready

As imports reduced, Eveready clocked significant volume growth in batteries

Eveready Q2 net rises 216% to Rs 58.02 cr on higher demand, lower costs

Eveready's Managing Director, Amritanshu Khaitan said this was the highest ever quarterly profit without any other income. EBITDA margin at more than 20 per cent was also the best

Inverted Energy opens lithium battery manufacturing facility in Delhi

The commissioning of the plant, which currently has a production capacity of 100 MWh (megawatt hour) annually, is aimed at reducing dependence on China, Inverted Energy said in a release

New battery tech can charge electric cars up to 90% in 6 minutes

A team of South Korean researchers have developed a faster charging and longer lasting battery material that can juice up electric cars up to 90% in just six minutes

South Korea battery maker LG Chem shares jump, boosted by Tesla sales boom

SEOUL (Reuters) - Shares in electric vehicle battery maker LG Chem <051910.KS> leapt as much as 4.1% in early trade on Thursday after the firm and major customer Tesla Inc both posted record quarterly profits.

Tesla battery supplier LG Chem forecasts record third-quarter profit

LG Chem estimated that its operating profit jumped 159% to 902 billion won in the quarter ended September