Latest news with #Epsilon
Economic Times
18 hours ago
- Automotive
- Economic Times
Epsilon to partner with firms eyeing ex-China sourcing of EV battery materials: MD Vikram Handa
ANI Represenattional image Battery materials manufacturer Epsilon Advanced Materials is prepared to enter into long-term strategic partnerships with the companies looking to source high-quality graphite anode and cathode materials outside China, a company official said. EV batteries are made of components like anode, cathode, electrolyte and separator. As of now China commands over 90 per cent of this graphite anode and cathode processing capacity which is used in electric vehicles. The recent curbs by China on the export of key battery-grade materials and technologies for both graphite anode and cathode (lithium iron phosphate-based) has intensified global concerns over supply chain vulnerabilities in the electric vehicle (EV) sector including in India. This development comes as India ramps up efforts to build a resilient, localised battery supply chain in the wake of China's tightening export restrictions on critical battery technologies. "Epsilon is ready to partner with cell manufacturers and Auto OEMs who are eyeing ex-China sourcing to secure long-term supply chain of high-quality anode materials and LFP (lithium iron phosphate) cathode while supporting their localization and sustainability objectives," company's Managing Director Vikram Handa said in an interview. China has a good early mover advantage and hence has been dominating the global battery materials supply chain for decades, but the recent export restrictions has shown how critical it is for battery manufacturers and auto OEMs to diversify their sourcing, outside of China, he explained. "To begin with, our integrated and proprietary synthetic and natural graphite anode materials allow us to provide a secure and consistent supply chain to our customers across geographies. We have strategically invested in R&D facility and commercial plant to ensure customer qualification samples to our customers for sample testing and qualifying them," he said. The company has its own proprietary technology for manufacturing lithium iron phosphate cathode with an R&D facility in Germany which makes them unaffected from the recent Chinese curbs. Many companies who were dependent on the Chinese LFP cathode technology to manufacture in India are stuck as they will have to now invest in their own R&D which takes 5-6 years to mature. "We have manufacturing plants in India, USA, and Finland with total capacity of 60,000 tonne by 2027 and 220,000 tonne by 2030 which make us the largest anode material producer outside China and will strengthen the resilience of our supply network. "The cathode material plant of 100,000 tonne by 2030 in India will make us Atmanirbhar in electric vehicle battery material supply chain. This multi-continent presence gives our international clients more flexibility, localised supply options, and a reduced risk of disruption," he explained. The company is investing Rs 15,350 crore in Karnataka to develop state-of-the-art manufacturing and research facility for electric vehicle battery materials, battery testing and advanced materials R&D.
Time of India
20 hours ago
- Automotive
- Time of India
Epsilon to partner with firms eyeing ex-China sourcing of EV battery materials: MD Vikram Handa
Battery materials manufacturer Epsilon Advanced Materials is prepared to enter into long-term strategic partnerships with the companies looking to source high-quality graphite anode and cathode materials outside China, a company official said. EV batteries are made of components like anode, cathode, electrolyte and separator. As of now China commands over 90 per cent of this graphite anode and cathode processing capacity which is used in electric vehicles. The recent curbs by China on the export of key battery-grade materials and technologies for both graphite anode and cathode (lithium iron phosphate-based) has intensified global concerns over supply chain vulnerabilities in the electric vehicle (EV) sector including in India. This development comes as India ramps up efforts to build a resilient, localised battery supply chain in the wake of China's tightening export restrictions on critical battery technologies. "Epsilon is ready to partner with cell manufacturers and Auto OEMs who are eyeing ex-China sourcing to secure long-term supply chain of high-quality anode materials and LFP ( lithium iron phosphate ) cathode while supporting their localization and sustainability objectives," company's Managing Director Vikram Handa said in an interview. China has a good early mover advantage and hence has been dominating the global battery materials supply chain for decades, but the recent export restrictions has shown how critical it is for battery manufacturers and auto OEMs to diversify their sourcing, outside of China, he explained. "To begin with, our integrated and proprietary synthetic and natural graphite anode materials allow us to provide a secure and consistent supply chain to our customers across geographies. We have strategically invested in R&D facility and commercial plant to ensure customer qualification samples to our customers for sample testing and qualifying them," he said. The company has its own proprietary technology for manufacturing lithium iron phosphate cathode with an R&D facility in Germany which makes them unaffected from the recent Chinese curbs. Many companies who were dependent on the Chinese LFP cathode technology to manufacture in India are stuck as they will have to now invest in their own R&D which takes 5-6 years to mature. "We have manufacturing plants in India, USA, and Finland with total capacity of 60,000 tonne by 2027 and 220,000 tonne by 2030 which make us the largest anode material producer outside China and will strengthen the resilience of our supply network. "The cathode material plant of 100,000 tonne by 2030 in India will make us Atmanirbhar in electric vehicle battery material supply chain. This multi-continent presence gives our international clients more flexibility, localised supply options, and a reduced risk of disruption," he explained. The company is investing Rs 15,350 crore in Karnataka to develop state-of-the-art manufacturing and research facility for electric vehicle battery materials, battery testing and advanced materials R&D.
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Business Standard
21 hours ago
- Automotive
- Business Standard
Epsilon to partner with firms seeking ex-China EV battery supply: MD
Battery materials manufacturer Epsilon Advanced Materials is prepared to enter into long-term strategic partnerships with the companies looking to source high-quality graphite anode and cathode materials outside China, a company official said. EV batteries are made of components like anode, cathode, electrolyte and separator. As of now China commands over 90 per cent of this graphite anode and cathode processing capacity which is used in electric vehicles. The recent curbs by China on the export of key battery-grade materials and technologies for both graphite anode and cathode (lithium iron phosphate-based) has intensified global concerns over supply chain vulnerabilities in the electric vehicle (EV) sector including in India. This development comes as India ramps up efforts to build a resilient, localised battery supply chain in the wake of China's tightening export restrictions on critical battery technologies. "Epsilon is ready to partner with cell manufacturers and Auto OEMs who are eyeing ex-China sourcing to secure long-term supply chain of high-quality anode materials and LFP (lithium iron phosphate) cathode while supporting their localization and sustainability objectives," company's Managing Director Vikram Handa said in an interview. China has a good early mover advantage and hence has been dominating the global battery materials supply chain for decades, but the recent export restrictions has shown how critical it is for battery manufacturers and auto OEMs to diversify their sourcing, outside of China, he explained. "To begin with, our integrated and proprietary synthetic and natural graphite anode materials allow us to provide a secure and consistent supply chain to our customers across geographies. We have strategically invested in R&D facility and commercial plant to ensure customer qualification samples to our customers for sample testing and qualifying them," he said. The company has its own proprietary technology for manufacturing lithium iron phosphate cathode with an R&D facility in Germany which makes them unaffected from the recent Chinese curbs. Many companies who were dependent on the Chinese LFP cathode technology to manufacture in India are stuck as they will have to now invest in their own R&D which takes 5-6 years to mature. "We have manufacturing plants in India, USA, and Finland with total capacity of 60,000 tonne by 2027 and 220,000 tonne by 2030 which make us the largest anode material producer outside China and will strengthen the resilience of our supply network. "The cathode material plant of 100,000 tonne by 2030 in India will make us Atmanirbhar in electric vehicle battery material supply chain. This multi-continent presence gives our international clients more flexibility, localised supply options, and a reduced risk of disruption," he explained. The company is investing Rs 15,350 crore in Karnataka to develop state-of-the-art manufacturing and research facility for electric vehicle battery materials, battery testing and advanced materials R&D.
The Wire
3 days ago
- Business
- The Wire
Zinnov Awards 2025: Celebrating India's Global Capability Centers Redefining Value Creation on a Global Scale
20 trailblazing organizations and leaders honored for scaling innovation, talent, and impact from India to the world BENGALURU, India, July 17, 2025 /PRNewswire/ -- As the global enterprise landscape undergoes seismic transformation, the 16th edition of the Zinnov Awards 2025 celebrated the organizations and individuals shaping this change from the frontlines — India's Global Capability Centers (GCCs). Now in its 16th year, the Zinnov Awards have become the benchmark of excellence in the GCC ecosystem, spotlighting companies and leaders who are driving tangible global impact. This year's edition saw over 500 nominations from 230 companies, spanning the Technology, Healthcare, BFSI, Automotive, and Retail sectors. Following a rigorous, multi-stage evaluation process, 22 winners across 10 categories were chosen by a distinguished jury of global business and technology leaders. With over 2,975 GCC units and India contributing USD 65 billion in annual revenues, many of these centers have evolved from support units to fully integrated strategic centers — owning product charters, building enterprise-grade AI, and creating future-ready talent ecosystems. "Global Capability Centers are no longer satellites — they're the core of enterprise transformation. What we're seeing now is not evolution, but reinvention — GCCs owning end-to-end charters, influencing global decisions, and delivering outcomes that are directly aligned to the CEOs priorities. In this new era of AI, GCCs are not just adopting technology but owning outcomes, and architecting AI at scale. The 2025 Zinnov Award winners are proof that enterprise value today lies not at headquarters, but where capabilities and impact converge," said Nitika Goel, Managing Partner and Chief Marketing Officer, Zinnov. The 2025 edition also introduced new categories such as Excellence in Talent Development & Employee Engagement, High-Impact Global Roles, and Titans in Tech — reflecting the expanding ambition and influence of the India GCC ecosystem. "These winners exemplify the convergence of talent, technology, and trust," Goel added. "Their stories signal a clear message: that India is evolving into becoming the brain trust of the modern enterprise." Meet the 20 Awardees, 2025 Category Name Sub-Category Winner's Name Excellence in Talent Development & Employee Engagement Applied Materials India Private Limited DBS Tech India Epsilon Excellence in Employer Branding Micron Technology Operations India Epsilon Excellence in Customer Centricity Clean Harbors India Aatmanirbhar GCC Bonfiglioli Technology Space Continental Technical Center India Technical Role Model (Established) Anup Kumar – Stryker Global Technology Center Ayan Datta, Sandisk Technical Role Model (Emerging) Dr. Raja Sekhara Reddy D. M. Samsung R&D Institute India - Bangalore Pvt. Ltd. Dr. Srinivas Soumitri Miriyala – Samsung R&D Institute India - Bangalore Pvt. Ltd. Next Generation Women Leaders K. Roopa Sheshadri – Samsung R&D Institute India - Bangalore Pvt. Ltd. Priyanka Porwal - SAP Labs India Pvt. Ltd. High Impact Global Roles Ericsson India Private Limited Pure Storage Great Place to Innovate Samsung R&D Institute India - Bangalore Pvt. Ltd. Champions of Unlocking Center Value ER&D Micron Technology Operations India Lowe's India Private Limited Enterprise IT FIS Titans in Tech Bosch Global Software Technologies JPMorganChase Logo - (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).
Skift
4 days ago
- Business
- Skift
State of Travel Report 2025 by Skift Research
This report is sponsored by Allianz Partners & Epsilon Welcome to Skift Research's State of Travel 2025 report There is an apocryphal ancient curse: 'May you live in interesting times'. We in the travel industry are certainly living through an interesting time for tourism in 2025. After a smooth take-off at the start of the year, the travel industry quickly hit turbulence as concerns about trade, tariffs, and policy weighed on the global economy. Make no mistake, the state of travel in 2025 remains strong. Our industry continues to grow. Travel has shown impressive resilience in a world tested by macroeconomic uncertainty and evolving consumer expectations. Then there is the pace of technology. Machine learning, once the gold standard for artificial intelligence is now table stakes. Travel technologists have gotten their footing with generative AI tools and are scaling LLMs even as we start to look forward to an agentic future. Changes in how businesses and consumers use AI could upend the long-established competitive landscape. Interesting times, indeed. Amid all these shifts, the consumer remains the north star. Travel is the most aspirational purchase in the world. The transition to an experiential economy continues and thousands of new travelers are emerging every day. But many questions remain. What is the next great travel experience? Where will the next wave of travelers come from? How will short-term rentals, airlines, and hotels adapt to shifting consumer priorities? How will sustainability pressures and the rapid adoption of technology reshape business models? Our State of Travel 2025 report is designed to be your reference handbook for navigating this evolving landscape. From proprietary consumer research and sector deep-dives to executive perspectives and market forecasts, we've assembled over 300 charts and insights covering nearly every corner of the industry. We hope this report helps you take these interesting times and turn them into a blessing, rather than a curse. Enjoy the report. What You'll Learn From This Report 300+ insights defining the state of travel in 2024 Proprietary and third-party data highlighting travel industry performance Consumer insights, sector deep dives, and executive perspectives Regional overviews of travel and tourism performance, based on proprietary Skift Research surveys and data Data-driven insights on the current state of all travel sectors: airlines, hotels, short-term rentals, online travel, traditional travel agents, multi-day tour operators, tours and activities, cruise, and car rental Insights into the economic climate as well as major travel trends including the impact of AI, experiential travel, business travel, luxury travel, and sustainability. Skift Research provides proprietary research, analysis, and premium data tools for travel industry professionals and their teams. Our team uses financial and economic analysis and proprietary survey data to support qualitative observations and travel-focused forecasts. We work with over 25 data partners from across the travel industry to provide timely insights into the performance of sectors and countries. View Skift Research subscription plans for individuals or groups. More Skift Research
