#battery makers

[timestechnow]

Tata Technologies Launches WATTSync to Drive Battery Trust & Sustainability

WATTSync, a secure and scalable digital battery passport solution that advances sustainable engineering from mining to recycling.

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Exide Industries profit drops 26% at Rs 178 crore in December quarter

Exide Industries on Monday said its consolidated net profit declined 26 per cent to Rs 178 crore in the third quarter ended December 31, 2021.

The company had reported a net profit of Rs 240 crore in the same period of 2020-21.

Revenue from operations rose to Rs 3,312 crore as compared with Rs 2,891 crore, Exide Industries said in a regulatory filing.

"Due to unprecedented input cost inflation, profitability has been adversely impacted," MD & CEO Subir Chakraborty noted.

The Kolkata-based company said its board has declared an interim dividend of 200 per cent for 2021-22.

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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 (EV) next year, sources said, to keep up with its U.S. client's growth in the biggest car market.

The firm, a supplier for Tesla's Shanghai-built Model 3, will also ship its increased output from China as well as Korea to Tesla's factories in Germany and the United States, said two people with knowledge of the matter, signalling an increased role in the supply chain of the world's leading EV manufacturer.

The plan comes as Tesla, LG Chem's primary customer, scrambles to secure cells as part of an aggressive global production expansion plan, as it targets soaring demand fanned by governments promoting EVs to curb air pollution.

LG Chem has already added production lines in South Korea this year mainly to meet demand from Tesla's U.S. plant, the people said. Moreover, the automaker has asked Japan's Panasonic Corp - which supplies the U.S. plant - to also supply its Shanghai factory, said one of the people, who declined to be identified as the matter was confidential. Read More

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

Companies News Reduced dumping of batteries from China with the implementation of quality standards by the Bureau of Indian Standards (BIS) is turning out to be a game-changer for Eveready Industries India.

Batteries as a category was stagnating, but started showing growth in the last three to four quarters due to BIS implementation, explained Eveready Managing Director, Amritanshu Khaitan.

ALSO READ: Manappuram Finance manager held in Rs 20 cr robbery at IIFL branch: Police

As imports reduced, Eveready clocked significant volume growth in batteries. According to Khaitan, imports during the half-year (April to September 2019) were at 85 million units; the comparative number for the first half of the current financial year was 20 million units.

For the whole of last financial year, imports were at 120 million units. China accounted for most of the imports. At its peak, imports were at about 300 million units, which was about two to three years back...Read more.

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Government Plans $4.6 Billion In Incentives For Battery Makers In Electric Vehicle Push: Report Government plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by Reuters.

[newsupdated]

Government Plans $4.6 Billion In Incentives For Battery Makers In Electric Vehicle Push: Report Government plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by Reuters.

[newzzhub]

Government Plans $4.6 Billion In Incentives For Battery Makers In Electric Vehicle Push: Report Government plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by Reuters.

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Government Plans $4.6 Billion In Incentives For Battery Makers In Electric Vehicle Push: Report

Government Plans $4.6 Billion In Incentives For Battery Makers In Electric Vehicle Push: Report

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Government plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by Reuters.

A proposal drafted by NITI Aayog, chaired by Prime Minister Narendra Modi, said government could slash its oil import bills by as…

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