LITHIUM IRON PHOSPHATE
Renault's EV unit Ampere teams up with LGES, CATL on battery technology
The company also pledged to work towards the development of so-called cell-to-pack battery solutions aimed at boosting the range of its EVs, together with South Korea's LGES. In a separate statement, LGES said early on Tuesday it had signed a deal to supply 39 gigawatt hours of LFP pouch-type batteries to Renault to power about 590,000 vehicles, adding the battery cells would be produced in Poland.
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.
BSES has a new plan to keep Delhi's lights on, debuts India's largest battery storage system
BSES, a major power distribution company in Delhi, has inaugurated India's first utility-scale Battery Energy Storage System (BESS). This innovative system ensures uninterrupted power supply to residential areas, even during technical faults or grid failures. The project, located at BSES Rajdhani's Kilokari substation, aims to enhance grid stability, reduce power procurement costs, and integrate renewable energy sources. The BESS, utilizing advanced Lithium Iron Phosphate (LFP) technology, sets a benchmark for future energy storage projects in India.
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.
Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry
The Seagull, a low-priced electric car by BYD, poses a threat to American automakers. Chinese EVs face tariffs in the U.S., prompting concerns about the impact on the auto industry and the need for adaptation and competition.
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Battery stocks’ rally may extend after $2 billion surge
Exide and Amara Raja added a combined market value of about $2 billion in April as investors boosted their bets in the nascent clean car market. Purchase subsidies, lower operating costs and state-level policy will continue to support growth in the industry, analysts said.
Okaya announces limited time offer, to sell EVs at old prices post FAME II
Okaya EV's festive offer maintains electric two-wheeler prices post FAME II, emphasizing customer satisfaction. Faast F4 model, priced at INR 1,19,989, offers 160 km IDC range with 4.4 kWh output, utilizing LFP Technology for safety and efficiency.
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.
Shyam Metalics & Energy Ltd to make aluminum foil for lithium-ion cell manufacturing
Kolkata-based company Shyam Metalics and Energy Limited has announced its entry into the energy storage sector with battery-grade aluminum foil. The company, which already produces and exports aluminum foil for various applications, will now produce high-purity aluminum foil for lithium-ion cells used in electric vehicles and energy storage systems.
China's CATL launches fast-charging LFP battery, production expected by year-end
Mass production of the new battery called Shenxing is expected by the end of the year while electric vehicles equipped with Shenxing batteries will hit the market in the first quarter of 2024.
NMDC eyes production from domestic coal and gold mines: CMD
Iron ore mining Navratna NMDC will operationalise its domestic coal and gold mines, while also pursuing overseas mineral assets, including those for Lithium in Australia. Responding to a query from ET, NMDC's Chairman and Managing Director (additional charge), Amitava Mukherjee said the mining company's lithium mining plans are at an early stage and feasibility studies will take over a year.
Norway's vast phosphate deposits offer hope for sustainable electric cars
Extensive deposits of phosphate rocks, enough to meet the electric power demand for the next 50 years, have been discovered in Norway, according to Norge Mining, a government organisation. Phosphorus plays a key role in the production of lithium-iron phosphate batteries which are utilised in electric cars. Runoff from phosphate fertilisers can damage freshwater ecosystems. In addition to vanadium and titanium, the Norwegian phosphates are said to contain valuable materials.
China jumps ahead in the rush to secure Lithium from Africa
In order to defend its dominance in Electric Vehicles metals processing, China needs to diversify its supply sources.
John Goodenough, Nobel laureate and battery pioneer, dies at 100
The American was "was a leader at the cutting edge of scientific research throughout the many decades of his career," said Jay Hartzell, President of the University of Texas at Austin where Goodenough was a faculty member for 37 years.
Lithium shortages could hand salt a starring role in EV shift
With both supply and demand for battery metals growing at a breakneck pace, forecasting the path of future growth in the industry has proven a challenging and contentious pursuit.
Can the world make batteries for electric car without China?
Despite billions in Western investment, China is so far ahead — mining rare minerals, training engineers and building huge factories — that the rest of the world may take decades to catch up.
The great lithium push
India is now the eighth-largest lithium reserve country thanks to discovery in Jammu & Kashmir. This find has the potential to alter the speed of India’s decarbonisation. It puts India in much stronger position in the global critical materials trade, makes it attractive for investments in key forward-looking sectors.
Falling lithium prices are making electric cars more affordable
Since January, the price of lithium has dropped by nearly 20%, according to Benchmark Minerals, even as sales of electric vehicles have soared.
How Rs 34 trillion lithium find could shape India's EV story
The recent lithium discovery is classified as G3. Further exploration, a detailed mapping including geochemical and geophysical surveys and drilling, is required to arrive at a G1 estimate. Simultaneously, an economic analysis will also be conducted to determine economically viable extractable mineral content.
Allox inks pact with Telangana to set up active battery material manufacturing unit
The state-of-the-art facility for manufacturing C-LFP, involves an investment of Rs 210 crores with an initial capacity of 3GWH/PA to be expanded to a capacity of 10GWH with a total investment outlay of Rs 750 crores by 2030. The proposed facility will create employment for 600 highly skilled and semi-skilled professionals, it said.
China's strategic inroads in African Sahel region
For the past nine years, France has served as primary security provider in the conflict-ridden Sahel region but recentlyFrance has been facedwith an increase in public animosity in the region.In the wake of violent protests from civilians in Mali, Burkina Faso as well as in Niger, France decided to withdraw its final unit from Mali in August 2022.
Who says China has locked in the EV supply chain?
After effectively popularizing safer and cheaper lithium iron phosphate, or LFP, chemistry for EV batteries, China’s Contemporary Amperex Technology Co. Ltd. is now adding manganese to the mix.
Electric vehicles' batteries are getting really expensive to make. So now what?
Prices for the metal used to make EV batteries have shot up so high that miners are posting multi-fold profit increases. They’ve passed costs on to customers: the battery makers. Across the supply chain, the sudden demand surge — much sooner than most expected — led to an unhealthy profit distribution within the battery food chain.
RIL arm to buy battery company Lithium Werks for Rs 468.2 crore
Lithium Werks is a leading provider of cobalt free and high-performance lithium iron phosphate (LFP) batteries. LIP batteries, in addition to being the safest lithium battery type currently available in the market, offer a longer life span, no maintenance and are lightweight among others.
Why sodium is Mukesh Ambani’s big battery bet in EV race
Ambani’s flagship Reliance Industries Ltd. is in the middle of an ambitious $76 billion clean-energy push. So, it makes sense for him to back a technology that’s as cheap as traditional lead-acid batteries, and requires ingredients that are easy to source.
Epsilon Advance Material entering cathode business, to invest about Rs 2,000 crore by 2025
Epsilon has already invested close to Rs 200 crore in FY22 to make graphite anodes and have announced investments of Rs 2,000 crore to make around 40,000 tonnes a year of graphite anode by 2025.
Students develop new 'driverless' electric car using AI in India
The 4-wheeler is expected to reduce accidents and deaths caused by human errors.
Tesla in talks with China's EVE for low-cost battery supply deal: Reuters
EVE makes lithium iron phosphate (LFP) batteries, which are cheaper to produce because they use iron instead of more expensive nickel and cobalt. But LFP batteries generally offer a shorter range on a single charge than the more popular nickel/cobalt alternative.
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