Amara Raja Energy & Mobility Q1 profit rises 23% yoy
Amara Raja Energy & Mobility Ltd has reported a standalone total income of INR 3,156.74 crore and a net profit of INR 244.55 crore for the first quarter (April-May-June) of FY 2024-25.
VinFast exploring Andhra Pradesh for second EV and battery plant in India
Pham Sanh Chau, CEO of VinFast India, recently met with N. Chandrababu Naidu, chief minister of Andhra Pradesh, and proposed an investment of INR 4,000 crore into setting up electric vehicle (EV) and battery manufacturing plants in the state.
Rays Power Infra forms subsidiary for gigawatt-scale solar, battery storage manufacturing
Rays Power Infra has set up a wholly-owned subsidiary for production of solar modules, solar cells, and battery energy storage systems (BESS) at gigawatt scale.
Lithium-ion battery fire safety starts with the manufacturer
Fluence America’s president says stakeholder and first responder engagement is necessary to keep failures from becoming newsworthy events.
Battrixx to use EVE Power’s battery cells for energy storage solutions
Kabra Extrusion Technik will produce advanced battery energy storage system (BESS) solutions based on battery cells from China’s Eve Power.
Maxvolt secures $1.5 million for lithium battery plans
Maxvolt Energy Industries has raised $1.5 million from angel investors to accelerate its lithium battery research and development efforts, enhance the production capacity, and expand market reach.
Log9 Materials achieves BIS certification for its LTO batteries
The certification signifies that Log9’s lithium titanate oxide (LTO) batteries comply with India’s stringent safety and performance standards for EV batteries.
RCRS Innovations to scale lithium battery manufacturing capacity, launch new product lines
Noida-based RCRS Innovations Ltd, the parent company of lithium-ion battery manufacturer EXEGI, plans giga-scale expansion. It will also launch container-sized energy storage solutions with megawatt-hour level capacities and add TOPCon products to its range of solar panels.
Himadri Speciality Chemical acquires 40% stake in Invati Creations
Himadri Speciality Chemical has acquired 40% stake in Invati Creations, a company focused on engineering Lithium-ion electrode materials. The acquisition was done for a consideration of INR 45.16 crore.
GoodEnough Energy to set up 20 GWh battery storage factory in Jammu & Kashmir
Noida-based GoodEnough Energy will set up a battery energy storage gigafactory with an annual capacity of 20 GWh in Jammu & Kashmir. The factory’s initial capacity of 7 GWh will commence operations by October 2024.
