Lithium Battery

US, Japan reach agreement on vital minerals for electric vehicle batteries

Japan and the United States have reached an agreement on trade in critical minerals for electric vehicle batteries, part of an effort to diversify supply chains and reduce reliance on China for strategically important resources. The deal struck Tuesday is expected to help electric vehicles using metals processed in Japan qualify for tax incentives under President Joe Biden's Inflation Reduction Act. This announcement is proof of President Biden's commitment to building resilient and secure supply chains, US Trade Representative Katherine Tai said in a statement. The Inflation Reduction Act, enacted in August, requires a portion of the critical minerals used in EV batteries to be mined in or processed domestically or from countries with which the US has free trade agreements. Japan and the US have no such FTA, but the deal will grant Japan the same treatment as an FTA partner regarding such minerals, Japanese officials said. As a result, the two sides said they agreed to not impose

Bharat Petroleum launches 19 EV fast-charging stations at 110 fuel stations

BPCL, a Maharatna and a Fortune Global 500 company, today announced the launch of 19 EV fast-charging stations at 110 fuel stations along 15 highways in Karnataka, Kerala and Tamil Nadu

Wardwizard starts operations of in-house lithium-ion battery assembly line

Electric vehicle maker Wardwizard Innovations and Mobility has commenced operations of its in-house lithium-ion battery assembly line with a capacity of 1 GWh, the company said on Friday. The company has accomplished the target of rolling out the first batch of assembled battery packs recently from this unit, it said. Wardwizard Innovations and Mobility in May last year announced its plan to set up a Lithium-ion cells manufacturing facility in Gujarat. Aiming to strengthen the battery infrastructure in India, the company also had signed a Memorandum of Understanding (MoU) with a Singapore-based renewable energy management consulting firm, Sunkonnect. The facility is part of the phase-1 development of the electric vehicle ancillary cluster at Vadodara in Gujarat, the company said. It also said that the company further plans to expand its R&D operations and production of electronic components in the EV Ancillary cluster. "As we are observing rising demand for EVs, quality and safet

Volkswagen plans to invest $193 bn in batteries in race for affordable EV

Volkswagen is striving to close a gap with electric vehicle (EV) pioneer Tesla by expanding its slice of the growing market for battery-powered cars

Batteries, metals and a supercycle

Lithium prices have softened this year, but the market balance is impacted by multiple developments

Demand for lithium batteries to surge over 5-fold; EVs to fuel further

From smartphones to laptops, from medical equipment to electric cars, lithium-ion batteries are providing portable electricity across electronic gadgets and power tools

Chinese EV maker showcases world's first car powered by sodium-ion battery

Chinese EV maker JAC has showcased the world's first electric vehicle (EV) that is powered by a cheaper sodium-ion battery which could help reduce the cost of future EVs by 10 per cent

India needs Rs 33,750 cr to set up Li-ion cell, battery mfg plants: CEEW

India needs investments to the tune of Rs 33,750 crore to achieve the government PLI target of setting up 50 GWh of lithium-ion cell and battery manufacturing plants, according to a study. The country requires up to 903 GWh of energy storage to decarbonise its mobility and power sectors by 2030, and lithium-ion batteries will meet the majority of this demand, an independent study released on Tuesday by the Council on Energy, Environment and Water (CEEW) said. India needs investments worth up to Rs 33,750 crore (USD 4.5 billion*) to achieve the government PLI target of setting up 50 GWh of lithium-ion cell and battery manufacturing plants, CEEW said in the study report. CEEW, however, noted that at the time of writing the report, the conversion rate was taken as Rs 75 per US dollar. The CEEW study 'How can India indigenise lithium-ion battery manufacturing?' calculates the material and financial requirements and offers a blueprint for the domestic strategy as India's demand is expec

Mine over matter: Who will dig up India's new-found Lithium reserve?

The absence of an integrated mining policy for strategic metals and minerals and poor domestic capabilities could hinder exploitation of the recently discovered reserves

Lithium: the new oil? How the energy transition could change geopolitical equations

Another $237 million granted to Honda battery plant project in Ohio

Ohio's privatised economic development office has finalised an agreement with Honda to infuse USD 237 million into development of a massive battery plant project that the Japanese automaker plans to use to transform the state into its North American electric vehicle hub. JobsOhio posted details of the package of three grants on Wednesday. They include a USD 140 million economic development grant for the plant Honda is building jointly with LG Energy Solution of South Korea, a USD 10 million workforce grant for the project itself and USD 87 million to retool Honda's existing facilities. The money, payable over the next 10 years, comes on top of the approximately USD 156.3 million in tax incentives and infrastructure improvements that the state of Ohio is putting toward the project. Officials say the battery plant will be located in rural Fayette County, about 40 miles (64 kilometers) southwest of the state capital of Columbus. Honda and LG have agreed to create 2,527 new jobs and mo

JSW Energy steps up focus on battery storage to address intermittency

Intermittency refers to irregular power supply from renewable sources, since they aren't always available; Projects from SECI first in this segment; will look at more, says company MD Prashant Jain

Kabra ExtrusionTechnik surges 15%, nears 52-week high on strong Q3 show

The management said revenue growth in Q3FY23 was aided by strong growth in the Battrixx division revenues.

Britishvolt: More evidence UK is losing race to capture growing EV market

The start-up had no track record developing technology and never confirmed how it would raise the £3.8 billion needed to start mass producing batteries, which reduces the average cost per battery

India eyes overseas copper, lithium mines to meet domestic shortfall

"A team of experts has already studied the technical aspects of the one copper and two lithium mines in Argentina by visiting the sites"

India's EV battery challenge to China hampered by lithium, copper crunch

India has only a fraction of the raw materials needed to satisfy domestic demand for lithium-ion batteries - forecast by Crisil to grow 100 fold by 2030 - let alone produce on a global scale

HEG incorporates new arm for manufacturing graphite node; stock soars 9%

The plant would be made in two phases, spending Rs 1,000 crore in Phase 1 over the next 3 years which would cater to 10-12 GWH of cell manufacturing capacity.

Smartphone makers may be forced to bring back removable batteries: Report

This move comes after making USB Type-C charging ports mandatory on all smartphones, tablets, and laptops

Union Budget 2023 may announce sops for domestic EVs and storage solutions

Custom duty exemptions being provided for lithium-ion cells for making phone battery packs could be extended to EV batteries and energy storage solutions as well

Rising battery prices threaten to derail arrival of affordable EVs

There are several factors driving the uptick in prices, but the single most important one is rising costs for materials including cobalt, nickel and lithium