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China prices may trip India’s EV battery play
Livemint
·
1m ago
Medial
India's ambitions for an EV battery manufacturing ecosystem face challenges due to cheaper Chinese alternatives. Domestic batteries may be 20-30% more expensive, largely due to reliance on imported raw materials. Analysts expect China's aggressive pricing to continue due to overcapacity in battery cell production. Companies like Amara Raja Energy and Exide Industries are concerned that local batteries won't compete on price with Chinese imports, impacting their rollout plans between this fiscal year and FY27.
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EV Push: Hyundai plans ₹700 crore battery plant by ’25
Livemint
·
1y ago
Medial
Hyundai Motor India is investing ₹700 crore to establish a battery assembly plant in Chennai with an annual capacity of 75,000 battery packs by 2025. The company believes that localization of battery packs will play a crucial role in reducing the prices of electric vehicles (EVs) in the country, addressing concerns around EV affordability. Hyundai aims to achieve a 20-22% EV penetration by 2030, surpassing the government's target of 30%. The carmaker is also planning to introduce a made-in-India EV for the mass-premium market by 2025.
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China and U.S. both eye breakthrough EV technology
Livemint
·
1y ago
Medial
China currently dominates the EV battery market, making it challenging for other countries to break their stronghold. However, new technological breakthroughs could potentially disrupt China's dominance. Sodium-ion batteries and silicon anodes are potential alternatives, but China still controls the majority of their supply. Solid-state batteries are seen as the ultimate goal due to their improved safety and energy storage capabilities. While the technology is not yet perfected, Chinese companies, as well as startups in the West, are actively researching and developing solid-state batteries. China's battery supremacy may face challenges with the emergence of new technologies in the future.
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Battery prices should come down by 10% after Budget 2025: Attero Recycling CEO | Company Business News
Livemint
·
6m ago
Medial
The Union Budget 2025 introduces a policy waiving the Basic Customs Duty on critical mineral scrappage to boost electric vehicle (EV) battery manufacturing in India. Attero Recycling CEO Nitin Gupta supports this policy, highlighting that it will reduce import costs and enhance domestic refining capabilities. This initiative, along with the Clean Tech mission, is expected to accelerate EV battery manufacturing, potentially reducing battery prices by 10% and impacting overall vehicle costs positively by at least 5%.
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Tata Motors looks beyond group to source EV batteries
Livemint
·
11m ago
Medial
Tata Motors will procure battery packs for its electric vehicles (EVs) from Octillion Power Systems in China, ending the practice of solely purchasing them from Tata AutoComp Systems. The decision comes as Tata Motors attempts to address performance issues and diversify its supply and technology base. The Curvv SUV will be the first Tata vehicle to use an external battery supplier since the launch of the Nexon EV in 2020. Octillion has installed a 2 GWh battery pack capacity in India and will provide battery packs for the 45 kWh variant of the Curvv EV.
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India looks east to this new ally to ease China’s grip on EV batteries
Livemint
·
1m ago
Medial
India is exploring ties with Japan to reduce reliance on China for EV batteries and critical minerals. Major Japanese firms like Panasonic and Mitsubishi Chemicals are in India to explore partnerships. This collaboration aims to diversify the supply chain for lithium-ion batteries essential for electric vehicles and energy storage. As China tightens export controls on critical minerals, these discussions signify India’s strategic move to secure its position in the global EV market.
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Economic Survey 2025: Calls for financial sops to drive EV adoption, flags risks of reliance on Chinese imports
Economic Times
·
6m ago
Medial
The Economic Survey 2024-25 emphasizes financial incentives, like tax breaks and subsidies, to boost electric vehicle (EV) adoption in India. It highlights concerns over heavy reliance on Chinese imports for EV production, advocating for indigenizing technology and materials. The survey underscores the importance of expanding existing policies to support the domestic EV ecosystem and recommends strategies such as enhancing R&D, battery recycling, and incentivizing EV cell manufacturing to reduce dependence on China.
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Webber Electrocorp Powers EV Growth in India with Intelligent After-Sales Solutions
StartupTalky
·
2m ago
Medial
Webber Electrocorp, a leader in EV Battery Management Systems, launched the WBMS-SWLT, enhancing EV after-sales service in India. Their Webber Care Point offers a tech-driven, scalable after-sales ecosystem, addressing service gaps and providing robust support through IoT and AI. With a national network and a mobile app, they deliver seamless solutions for diagnostics and repairs. Their services are pivotal as India’s EV market rapidly grows, offering certified, innovative tech for sustainable mobility.
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PLI Should Focus On EV Cells Manufacturing, Not Batteries: GTRI
Inc42
·
11m ago
Medial
The Global Trade Research Initiative (GTRI) has recommended that the production linked incentive (PLI) scheme should prioritize the production of electric vehicle (EV) cells or lithium-ion cells rather than batteries. GTRI states that the Indian government should allow the domestic EV sector to grow organically without heavy reliance on incentives, in order to prevent India from becoming dependent on China for EV manufacturing. GTRI also suggests investing in battery recycling infrastructure and supporting clean energy sources for EV charging stations.
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Gas or electric? Splitting the difference could energize Chinese automakers
Livemint
·
1y ago
Medial
The growing popularity of plug-in hybrids (PHEVs) could impact companies and investors banking on rising demand for electric vehicle (EV) batteries. PHEV sales have outpaced pure EV sales, especially in China, where PHEVs now account for 42% of new-energy car sales. The appeal of PHEVs lies in their ability to save on fuel costs without range anxiety, as they offer the flexibility of using electricity or gasoline. Chinese automakers are also producing more affordable PHEV models with longer driving ranges, making them appealing in developing countries with inadequate charging infrastructure. However, PHEVs may cannibalize demand for pure EVs and pose potential challenges for battery manufacturers.
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Rivian wants to make EV charging faster, smarter, and easier
The Verge
·
2m ago
Medial
Rivian is enhancing its EV charging experience by updating its Energy app, providing customers with detailed insights into energy consumption and faster charging capabilities. The update introduces real-time energy monitoring, charging session breakdowns, and a new "Trip Target" feature for optimal charging levels during navigation. Rivian also aims to improve the charging environment by allowing battery preconditioning and planning to launch a "Smart Charging" feature and bidirectional charging, enhancing efficiency and cost-effectiveness for owners.
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