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China issues draft guidelines to rein in lithium battery industry – ET Auto

Baua Electric

China is the world’s largest lithium battery market, accounting for some 57% of global demand in 2022, according to the Economist Intelligence Unit. Lithium-ion batteries are a form of rechargeable energy storage used in everything from electric cars to scooters, laptops and motorised wheelchairs.

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Exide Industries Q4 Results: Firm beats profit view on higher demand – ET Auto

Baua Electric

Indian battery-maker Exide Industries beat fourth-quarter profit expectations on Tuesday, helped by higher demand in its automotive and industrial products segments. Exide’s standalone profit after tax rose 36.6% from a year ago to 2.84 bn rupees as per LSEG data. Exide’s standalone profit after tax rose 36.6%

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Exide Industries further invests nearly INR 40 cr in advanced chemistry battery cells making arm – ET Auto

Baua Electric

Battery maker Exide Industries Ltd on Wednesday said it has further invested nearly INR 40 crore in its wholly-owned arm advanced chemistry battery cells manufacturer Exide Energy Solutions Ltd. EESL is in the process of setting up a plant for manufacturing and selling lithium-ion battery cells , modules and pack business.

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Panasonic’s battery unit misses annual profit estimate – ET Auto

Baua Electric

Chinese battery makers grew faster than rivals to account for more than two-thirds of global EV battery capacity last year, according to data from consultancy Counterpoint Research. Operating income for the key segment, which makes batteries for Tesla and other automakers, totalled 88.8 billion yen (USD 570.18

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Japan to expand Russia-bound export ban to li-ion batteries, industrial items – ET Auto

Baua Electric

Japan will expand its Russia-bound export ban to include 164 additional industrial items such as lithium-ion batteries, gas pipes and car engine oil, the trade ministry said on Friday.

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SK Innovation considering sale of battery materials unit SKIET – ET Auto

Baua Electric

South Korea’s SK Innovation is considering selling its subsidiary SK IE Technology ( SKIET ) to restructure its battery business, the Maeil Business newspaper reported on Wednesday. SKIET supplies separators – an essential battery component – to EV battery makers including Tesla partner Panasonic Corp.

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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.

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