Latest news with #Li-ion
The Print
23-05-2025
- Automotive
- The Print
Himadri Speciality to pick 16 pc stake in US-based International Battery Company
The investment, made through a combination of preferred and common shares, gives Himadri representation on the board of International Battery Company. Himadri has already made an investment of USD 4.43 million (approximately Rs 37.47 crore) in the US-based technology developer and manufacturer of lithium-ion (Li-ion) cells, the company said without disclosing the deal size and timeline for completion of the transaction. New Delhi, May 22 (PTI) Clean-tech company Himadri Speciality on Thursday said it will acquire a 16.24 per cent stake in International Battery Company to increase its presence in the mobility and energy storage sectors. 'It positions both companies to address the growing global demand for high performance, scalable, and sustainable battery technologies particularly in the mobility and energy storage sectors,' the statement said. The company's CMD & CEO Anurag Choudhary said: 'We announce our strategic investment for a 16.24 per cent stake in IBC, a trailblazer in next-generation battery technologies. This partnership marks a pivotal step in Himadri's global clean-tech strategy and our entry into the LiB component materials market.' IBC operates a 50 MWh lithium-ion battery cell facility in South Korea and is developing a gigafactory in Bengaluru, India, through its joint venture with Mahanagar Gas Limited. The Bengaluru Gigafactory is scheduled to commence operations by the fourth quarter of FY2025-26. Through partnership, the Himadri company aims to play a pivotal role in India's energy transition. The Bengaluru facility will cater to last-mile B2B fleet providers and 2- and 3-wheeler OEMs, while also supporting global battery cell exports. Choudhary said this is a win-win collaboration—one that brings together deep material science and advanced battery technology to shape the future of sustainable energy. 'Together, we are building a scalable, high-impact ecosystem that will power the next wave of clean mobility and energy solutions not only in India but across the globe,' he said. PTI ABI KKS MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Economic Times
22-05-2025
- Automotive
- Economic Times
Himadri Speciality to pick 16% stake in US-based International Battery Company
Clean-tech company Himadri Speciality on Thursday said it will acquire a 16.24 per cent stake in International Battery Company to increase its presence in the mobility and energy storage sectors. Himadri has already made an investment of USD 4.43 million (approximately Rs 37.47 crore) in the US-based technology developer and manufacturer of lithium-ion (Li-ion) cells, the company said without disclosing the deal size and timeline for completion of the transaction. The investment, made through a combination of preferred and common shares, gives Himadri representation on the board of International Battery Company. "It positions both companies to address the growing global demand for high performance, scalable, and sustainable battery technologies particularly in the mobility and energy storage sectors," the statement said. The company's CMD & CEO Anurag Choudhary said: "We announce our strategic investment for a 16.24 per cent stake in IBC, a trailblazer in next-generation battery technologies. This partnership marks a pivotal step in Himadri's global clean-tech strategy and our entry into the LiB component materials market." IBC operates a 50 MWh lithium-ion battery cell facility in South Korea and is developing a gigafactory in Bengaluru, India, through its joint venture with Mahanagar Gas Limited. The Bengaluru Gigafactory is scheduled to commence operations by the fourth quarter of FY2025-26. Through partnership, the Himadri company aims to play a pivotal role in India's energy transition. The Bengaluru facility will cater to last-mile B2B fleet providers and 2- and 3-wheeler OEMs, while also supporting global battery cell exports. Choudhary said this is a win-win collaboration-one that brings together deep material science and advanced battery technology to shape the future of sustainable energy. "Together, we are building a scalable, high-impact ecosystem that will power the next wave of clean mobility and energy solutions not only in India but across the globe," he said.
Time of India
22-05-2025
- Automotive
- Time of India
Himadri Speciality to pick 16% stake in US-based International Battery Company
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Clean-tech company Himadri Speciality on Thursday said it will acquire a 16.24 per cent stake in International Battery Company to increase its presence in the mobility and energy storage sectors. Himadri has already made an investment of USD 4.43 million (approximately Rs 37.47 crore) in the US-based technology developer and manufacturer of lithium-ion (Li-ion) cells, the company said without disclosing the deal size and timeline for completion of the investment, made through a combination of preferred and common shares, gives Himadri representation on the board of International Battery Company."It positions both companies to address the growing global demand for high performance, scalable, and sustainable battery technologies particularly in the mobility and energy storage sectors," the statement company's CMD & CEO Anurag Choudhary said: "We announce our strategic investment for a 16.24 per cent stake in IBC, a trailblazer in next-generation battery technologies. This partnership marks a pivotal step in Himadri's global clean-tech strategy and our entry into the LiB component materials market."IBC operates a 50 MWh lithium-ion battery cell facility in South Korea and is developing a gigafactory in Bengaluru, India, through its joint venture with Mahanagar Gas Limited The Bengaluru Gigafactory is scheduled to commence operations by the fourth quarter of FY2025-26. Through partnership, the Himadri company aims to play a pivotal role in India's energy transition. The Bengaluru facility will cater to last-mile B2B fleet providers and 2- and 3-wheeler OEMs, while also supporting global battery cell said this is a win-win collaboration-one that brings together deep material science and advanced battery technology to shape the future of sustainable energy."Together, we are building a scalable, high-impact ecosystem that will power the next wave of clean mobility and energy solutions not only in India but across the globe," he said.
Yahoo
21-05-2025
- Automotive
- Yahoo
China hits solid-state battery milestone with Gotion's 0.2 GWh pilot line for safer EVs
Gotion, one of the world's largest electric vehicle (EV) battery manufacturers, has officially entered the all-solid-state battery race with the launch of its first experimental production line aimed to test and refine next-generation battery technologies. Unveiled during Gotion High-tech's 13th tech conference on May 17, the facility reportedly represents a major milestone in the shift toward safer, more efficient battery technologies that could define the future of electric mobility. Designed with a capacity of 0.2 gigawatt-hours (GWh), the newly built pilot line will produce Gotion's all-solid-state Gemstone battery cells, which are already undergoing real-world road testing in EVs and have shown promising results. The batteries deliver approximately 40 percent higher energy density compared to conventional lithium ternary cells, offering 350 watt-hours per kilogram (Wh/kg) or 800 watt-hours per liter (Wh/L). This, according to the Chinese company, makes them a promising alternative for EVs. Pan Ruijun, Gemstone project research and development head, revealed that the entire production setup uses domestically manufactured equipment. He emphasized that the batteries have already been installed in vehicles and tested on the road. This, according to Ruijun, not only reduces the dependency on foreign suppliers, but also underscores China's accelerating leadership in battery innovation. He further pointed out that after a full year of performance validation, individual Gemstone cells have achieved a 150 percent increase in capacity, though exact figures were not disclosed. Gotion, in which Volkswagen holds a 24.45 percent interest, also highlighted that the batteries passed rigorous tests including pin-prick, hot-box, overcharge, and crush stimulations. The outcomes reinforced their promise as a safer alternative to traditional lithium-ion (Li-ion) cells, which are prone to overheating and thermal runaway. "This means that the human imagination of this ultimate battery is finally within reach," Ruijun stated. While no official mass production date was provided at this year's conference, the EV battery giant previously stated that small-scale production and vehicle integration could begin in 2027, with full-scale manufacturing expected by 2030. That timeline aligns with similar goals announced by major competitors. CATL and BYD, two other leading Chinese battery makers, have also outlined plans for limited deployment of solid-state batteries by 2027. However, despite growing industry excitement, significant hurdles remain for the commercial rollout of the solid-state technology. The company revealed that these include scaling up manufacturing, ensuring long-term material stability, and driving down production costs. Meanwhile, the Chinese government recently introduced stricter safety standards for EV batteries, set to take effect on 1 July next year, that aim to further improve cell safety. Yet, Gotion's transition to pilot-scale production serves as a strong indication that the solid-state battery industry is progressing beyond theoretical development and entering the early stages of practical implementation. With a 3.5 percent share of the global EV battery market as of Q1 2025, ranking it sixth worldwide according to SNE Research, the company is now positioning itself at the forefront of the solid-state revolution. If it meets its projected goals, the Gemstone line could play a central role in reshaping battery architecture and accelerating the transition to cleaner transportation.
