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Power Demand Pushes Battery Makers Revenue By 10-11%: CRISIL Research

CRISL Rating’s latest report anticipates the domestic lead-acid battery manufacturers’ revenue to grow 10-11% in fiscal 2025. The report found this to be a close mirroring ~12% which was seen last fiscal year. Moreover, growth is expected to be driven by steady demand in the mainstay automotive segment and tailwind from rising 5G penetration, expansion […]

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Honeywell Forays Into AI Battery Manufacturing Platform

Honeywell has announced the launch of its Battery Manufacturing Excellence Platform (Battery MXP), an artificial intelligence (AI)-powered software solution designed to optimise the operation of gigafactories from day one by improving battery cell yields and expediting facility startups for manufacturers. With traditional standalone solutions, battery manufacturers’ material scrap rates can be as high as 30% […]

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Thailand, India Can Pose Challenge To China’s EV Market: Report

Bloomberg’s recent report indicated a general trend where, electric vehicles (EVs) are displacing 1.7 million barrels per day of oil usage, which is equivalent to about 3% of total road fuel demand. Currently. there are 722 million passenger EVs that are expected to be on the road in 2040 in the Economic Transition Scenario.  The Bloomberg […]

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Motovolt, ZEVO Partner To Boost Electric Mobility

Electric bike manufacturer Motovolt Mobility has collaborated with ZEVO to deploy 5,000 of its flagship M7 electric scooters. The companies involved said that this alliance signifies a collective effort towards promoting the widespread adoption of EVs for all delivery needs, promising a more sustainable future in urban mobility and last-mile logistics. ZEVO is a tech-enabled […]

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IEA Forecasts Solar PV Investment To Exceed USD 500 Bn In 2024

The International Energy Agency’s (IEA) recent report on world energy investment found that investment in solar PV surpassed all other generation technologies combined. It found a noticeable rise in solar panel costs that have decreased by 30% over the last two years. International Energy Agency (IEA) report said, “The prices for minerals and metals which […]

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In A First, Volvo To Bring Vehicles With EV Battery Passport

The Volvo EX90 electric SUV—which has the “world’s first EV battery passport”—will go on sale. Volvo is introducing the EV battery passport to provide important details to prospective purchasers, such as the composition, the source of the battery’s ingredients, and the battery’s carbon footprint. The automaker’s dedication has paid off as new all-electric vehicles are […]

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Changing Dynamics: Indian Green Firms Shift Focus On Energy Storage

In March 2022, India’s leading renewable energy company Adani Green Energy Limited (AGEL) collaborated with another Indian leading player in the energy storage systems–Greenko. The partnership was to seek the Hyderabad-based company’s assistance in getting Round-The-Clock (RTC) power for AGEL’s projects through Greenko’s PSP assets. PSPs are often termed as giant batteries which can storage […]

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China To Spend $830 Mn For Solid-State Battery R&D: Report

China is planning to spend $830 million on all-solid-state battery R&D, reveals a report by Chinese Daily. Six companies, including CATL, BYD, China FAW Group, SAIC Motor Corp, Beijing WeLion New Energy Technology, and Geely Auto Group, will likely receive basic R&D support from the government, the report said. Chinese Government departments are heading this […]

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Panasonic Energy Reports 15.45% Revenue Growth In FY23-24

Panasonic Energy India Co. Ltd. (PECIN) a part of Panasonic Holdings Corporation today, announced the audited standalone results for the financial year ended on March 31, 2024. Panasonic reported revenue growth of 15.45% over the last financial year and a 198% increase in profit after tax (PAT). These numbers are a result of cost-efficiency initiatives, […]

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