'White gold' need for electric car batteries is scarce in the country and getting expensive internationally
'We are in the process of closing around $40 million and also working to raise $150 million', said Mahesh Godi
Signs public private partnership deal with CSIR-CECRI to run an advanced Lithium-ion cell manufacturing unit in Chennai; plans to invest $3 billion over next five years
Across the Indian capital's dense localities, battery swapping stations are becoming a frequent site at local provision stores and small retail outlets
Mass production to begin in 2023 at upcoming Gigafactory; firm says use of specific chemistry and materials enables the cell to pack more energy, improves its overall life cycle
Ola Electric noted that it is committed to invest in core R&D to create indigenous advanced cell technologies, strengthen manufacturing capabilities and create an integrated Ola Electric vehicles hub.
Ola Electric on Tuesday unveiled an indigenously developed lithium-ion cell -- NMC 2170 -- and the company will begin the mass production of its cell from its upcoming Gigafactory by 2023
Getting into lithium ion battery making, automotive and industrial battery major Amara Raja Batteries Ltd is looking at acquisitions overseas to expand its lead acid battery business, said soruces
Attero at present recycles 3,500 MT of Li-ion waste in India and is expanding the capacity to 11,000 MT by October 2022
Electric two-wheeler maker WardWizard Innovations and Mobility is lining up close to Rs 650 crore investment for the manufacturing of Li-ion advance cells and related infrastructure, according to a top company executive. The Gujarat-based company, which sells electric two-wheelers under the Joy brand, plans to come up with an R&D centre and an assembly plant to set up the 1GWh cell production plant at its electric vehicle ancillary cluster in Vadodara. The company has already tied up with Singapore-based renewable energy management consulting firm Sunkonnect to do a feasibility study and identification of the potential partner for production processes. In an interaction with PTI, WardWizard Innovations and Mobility Managing Director Yatin Gupte said the company plans to invest around Rs 600-650 crore to come up with the required infrastructure over the next 18 months. "The likely investment for setting up the R&D Lab and the assembly plant would cost between Rs 75-125 crore. ..
Electric vehicle maker Simple Energy has inked an initial pact with the US-based battery technology firm C4V (Charge CCCV) for cell manufacturing in India, the company said on Wednesday. The Bengaluru-based energy startup had launched its first e-scooter Simple One mid-August last year. It has, however, not yet commenced the deliveries of its maiden offering. Lithium-ion battery cells are the central unit of any electric vehicle (EV). Simple Energy is leading the domestic EV industry by vertically integrating the entire value chain. As part of this, the company has signed a Memorandum of Understanding (MoU) with C4V for setting up a Lithium-ion cell manufacturing ecosystem in India, it said. In addition to the build-in India initiative, this strategic partnership utilizes cells with industry-leading safety, higher energy density than LFP (Lithium Ferro Phosphate) batteries, faster charging, and longer life cycle based on C4V's patented technology, Simple Energy said. C4V is curren
If not managed properly, the lithium ion cells used in electric vehicles can become overheated and cause fires
Union Minister Piyush Goyal says people are looking at India as an emerging global superpower. More on this in our top stories.
Storage battery major Exide Industries has forged a multi-year technical collaboration with a Chinese company for lithium Ion battery manufacturing in India.
The country's largest lead acid battery maker, Exide Industries Ltd, on Tuesday said it is evaluating foray into manufacturing Advance Cell Chemistry batteries, commonly referred to as lithium-ion batteries. To take a final call, the company is waiting for the Productivity Linked Incentive (PLI) details to come. The Centre recently approved a PLI scheme on such batteries. The scheme outlay of Rs 18,100 crore is intended to establish 50 Giga Watt Hour (GWh) of advanced cell chemistry and 5 GWh of niche advanced cell chemistry. We are evaluating installing Advance Cell Chemistry Project. We are waiting for the PLI details as it will act as a sweetner.... It entails huge capex. However, the project viability will depend on future demand for lithium based batteries, Exide MD & CEO Subir Chakraborty said on the sidelines of the company's AGM. Finer details will be worked out later, Chakraborty said. "As a thumb rule for each gigawatt hour capacity cell, the plant will cost about Rs 700
Meanwhile, the company said that its Founder Chairman Ramachandra Galla, who steered the company for 36 years, has expressed his decision not to seek reappointment.
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
Pick-up in industrial consumption, relatively benign lead prices point to improved earnings prospects
Two engineers seek to replace lithium and cobalt batteries imported from China with indigenous aluminium ones, which are cheaper and more efficient on mileage
The new unit will help us meet the demand for the next few years across the country, said CEO Tarun Mehta