Suppliers for Li-ion batteries have begun to release their 1Q23 earnings reports starting in the middle of April, and many of the major suppliers have posted impressive results. On April 20, CATL presented its financial results for 1Q23. Its report reveals that its realized revenue rose by 83% YoY to RMB 8.9 billion, and its […]
KEDA Posted Net Profit of RMB 4.251 Billion for 2022 – EQ Mag
KEDA Industrial Group, a Chinese machinery company, released its annual report for 2022 on April 14. According to the report, the company posted a realized annual revenue of RMB 11.157 billion, showing a YoY growth of 13.89%. The annual net profit attributable to the shareholders of KEDA’s listed companies came to RMB 4.251 billion, showing […]
Senior Material Starts Construction on Its RMB 10 Billion South China Base Located in Foshan – EQ Mag
Suppliers for separators used in Li-ion batteries have kept expanding production capacity as the market for Li-ion batteries is enjoying a boom. One such leading supplier in China is Senior Material. The company has recently made a significant stride with respect to the development of its manufacturing projects. As reported by the Yangcheng Evening News, […]
Tinci Has Successfully Submitted GDR Application to CSRC – EQ Mag
Tinci Materials, a major Chinese supplier for materials used in Li-ion batteries, has submitted its application for issuing of GDRs and listing on the SIX Swiss Exchange to China Securities Regulatory Commission (CSRC). The company announced on December 27 that CSRC has received all the proper documents related to the application and will begin the […]
Global Energy Storage Industry Primed to Treble Annual Installations by 2030 Despite Tightening Supply of Li-ion Batteries, IHS Markit Says – EQ Mag Pro
Energy storage market’s rapid expansion is underpinned by ambitious government targets The global energy storage market continues to prove resilient to the impacts of COVID-19 and supply constraints for Li-ion batteries and will enter a prolonged period of growth this year, with annual installations reaching more than 30 GW by 2030 – up 250% from […]
Global Energy Storage Industry Primed to Treble Annual Installations by 2030 Despite Tightening Supply of Li-ion Batteries, IHS Markit – EQ Mag Pro
Energy storage market’s rapid expansion is underpinned by ambitious government targets. The global energy storage market continues to prove resilient to the impacts of COVID-19 and supply constraints for Li-ion batteries and will enter a prolonged period of growth this year, with annual installations reaching more than 30 GW by 2030 – up 250% from […]
Competition between redox flow, li-ion batteries to heat up over next decade – report
A report by IDTechEx states that redox flow battery technology might start to gain field to lithium-ion batteries over the next decade, overtaking the Li-ion battery energy capacity installed by 2031. By relying on a vanadium, zinc-polyiodide, polysulfide bromide or uranium electrolyte solution held in storage tanks, redox flow batteries can store energy from renewable […]
Hyderabad startup Pure EV’s AI tech to auto repair Li-Ion batteries
Li-Ion batteries are the most critical components of electric vehicles which have lithium cells welded together in series and parallel arrangements to meet the desired voltage and ampere hour capacity. Hyderabad : Pure EV, the electric vehicle vertical of Indian Institute of Technology – Hyderabad (IIT-H) incubated city startup Purenergy, has developed BaTrics Faraday, an […]
Why is India planning to fit Li-ion batteries in the future Indian Navy submarines?
The Indian Navy is planning to fit Li-ion batteries in its future submarines, replacing the traditional lead-acid batteries. The Indian Navy has issued a request for information, seeking details of Li-ion batteries as they will be fitted in all the future submarines in the Indian Navy. In 2019, President of India, Ram Nath Kovind visited two out of the […]
MG Motor announces partnership with TES-AMM for recycling of Li-ion batteries
MG Motor says the partnership will ensure environmentally-sustainable and secure recycling of MG ZS’ batteries, thus ensuring greater peace of mind to the ZS electric vehicle owners about their ecological footprint. MG Motor India Pvt. Ltd, one of the new entrants in the Indian car market, on Monday, announced a collaboration with TES-AMM, an electronic […]