article thumbnail

Tesla to bring LFP battery supply chain to US – Bloomberg News – ET Auto

Baua Electric

Tesla is expanding its battery facility in Sparks, Nevada to bring the supply chain for cheaper lithium iron phosphate batteries (LFP) to the United States, Bloomberg News reported on Wednesday. China currently houses the largest manufacturers of LFP batteries, including BYD and CATL, which supply Tesla.

article thumbnail

Mazda and Panasonic’s energy unit sign auto battery supply agreement – ET Auto

Baua Electric

Japanese automaker Mazda Motor and the energy unit of Panasonic Holdings said on Friday they have signed an automotive battery supply agreement. The deal comes out of talks about a battery supply partnership for electric vehicles that Mazda and Panasonic Energy started in June last year. Panasonic Energy also makes batteries for Tesla.

Mazda 52
article thumbnail

Battery recycling shatters the myth of EV waste – ET Auto

Baua Electric

Making a battery for an electric vehicle typically requires mining hundreds of pounds of hard-to-extract minerals. That’s put a spotlight on batteries’ heavy environmental toll, at least upfront. EV batteries are simply too valuable to toss out, and a new industry of recyclers is busy snatching them all up.

Waste 52
article thumbnail

Omega Seiki partners with Attero for lithium-ion battery recycling – ET Auto

Baua Electric

According to OSPL, Attero currently has a facility capable of processing 1,45,000 metric tonnes of e-waste and 11,000 metric tonnes of battery waste annually. Omega Seiki Private Ltd (OSPL) on Tuesday announced it has signed an agreement with Attero for recycling of lithium-ion batteries.

article thumbnail

RCRS innovations files for IPO, aims to expand battery manufacturing – ET Auto

Baua Electric

The proceeds from the IPO are intended for use in meeting working capital requirements and expanding battery manufacturing capacity. Based in Noida, RCRSIL manufactures and markets Lithium-Ion batteries and solar panels under the EXEGI brand, from its two manufacturing plants in the Delhi-NCR region. crore and a profit of INR 1.35

article thumbnail

AI-powered EV batteries: The next welcome change – ET Auto

Baua Electric

Artificial intelligence ‘s next target is the electric vehicle battery. Chemix , an AI-powered EV battery developer, has completed a USD 20 million Series A funding round, led by Ibex Investors. Battery development is typically a slow and laborious process, with extensive testing and retesting.

Auto 52
article thumbnail

Battery stocks’ rally may extend after USD 2 billion surge – ET Auto

Baua Electric

A rally in India’s battery maker stocks this month looks poised to extend amid optimism over further collaborations with foreign vehicle manufacturers. Exide and Amara Raja added a combined market value of about USD 2 billion in April as investors boosted their bets in the nascent clean car market. and Kia Corp.

Auto 52