article thumbnail

G-7 to set up semiconductor group to coordinate supply chains – ET Auto

Baua Electric

Leaders from the Group of Seven are set to announce plans for a group that will help coordinate the supply chain for semiconductors that are critical to the global economy.

article thumbnail

Environmental studies show Serbian lithium project is safe, says Rio – ET Auto

Baua Electric

Lithium, largely used in batteries for electric vehicles (EV) and mobile devices, is regarded as a critical material by many major economies. If implemented, the USD 2.4 billion Jadar lithium project in Western Serbia could cover 90% of Europe’s current lithium needs and help to make the company a leading lithium producer.

Serbia 52
article thumbnail

Sweden’s Northvolt commits to invest in EV battery plant in Germany – ET Auto

Baua Electric

“Northvolt’s planned major investment is a huge success for the west coast, for Schleswig-Holstein and Germany as a whole,” Economy Minister Robert Habeck told German newspaper Die Welt.

Germany 94
article thumbnail

BorgWarner raises full-year 2024 adjusted profit outlook – ET Auto

Baua Electric

Auto parts supplier BorgWarner raised its full-year adjusted profit outlook on Thursday, aided by sustained demand from its exhausts, turbos and emission control systems. BorgWarner now expects its full-year adjusted profit per share to be between USD 3.80 and USD 4.15, compared with its prior outlook of USD 3.65 to USD 4.00.

Auto 52
article thumbnail

Teck Resources mulls British Columbia battery recycling plant – ET Auto

Baua Electric

“There’s a big opportunity for us to play a bigger role in the circular economy,” Price told the conference, a gathering of policymakers, executives, investors and politicians to discuss critical minerals supply for the energy transition.

Auto 52
article thumbnail

Ashok Leyland Q4 net PAT up 17% to INR 934 cr – ET Auto

Baua Electric

On the outlook, Dheeraj Hinduja, Chairman, Ashok Leyland Limited said, “We continue to be optimistic about our industry prospects in the short to medium terms backed by anticipated robust growth in the Indian economy.” For the full year FY24, the company reported a net consolidated PAT of INR 2,696.34 crore when compared to INR 1,358.82

Auto 52
article thumbnail

Saudi Arabia Pursues Lithium to Fuel EV Ambitions – ET Auto

Baua Electric

The kingdom, heavily reliant on oil for its economy, has invested billions to become a hub for EV manufacturing as part of Crown Prince Mohammed Bin Salman’s economic diversification efforts.