The announcement was widely expected. Earlier in September 2021, Company had already informed that it’s exploring such possibility. Besides the Company is also into consolidation mode and had recently decided to sell the non core HDFC Life. On the subject, Company has announced – “We have now planned to setup a multi-gigawatt lithium-ion cell manufacturing … Read more
The Company has updated on the following – JV with FRIWO Group to expand component offerings to the electric vehicles Technology Licence Agreement with Dhama Innovations for Temperature Controlled Automotive Seats (TCAS) Expansion of alloy capacities both for 4 wheelers and 2 wheelers All the above expansions definitely seem to be in the emerging areas … Read more
Sundaram Finance Holdings (SFH) is putting in further 2 million Euros in it’s portfolio company Mind S.r.l., Italy (MSI), to augment the working capital needs and for further growth. Key points to note – MSI manufactures carbon fibre components for the automotive industry in Europe. SFH had acquired 40.6% stake in MSI last year for … Read more
Exide has been an under performer in the current bull run. Though the stock has increased from the low of Rs 130 in March 20 (Covid led meltdown) to Rs 185 currently, it continues to be significantly low compared to the high of Rs 272 it had reached in August 2018. Under performance since then … Read more
China’s Contemporary Amperex Technology Co., or CATL, the world’s largest battery manufacturer, unveiled its latest product in July — a sodium-ion battery. Done right, this technology could lead to widespread adoption in a market largely dependent on subsidies and where EV sales are still a fraction of all cars. Key points in this regard – … Read more
There’s no shortage of excitement for electric vehicle battery startups or multibillion dollar investments in the industry, as companies, backers and scientists look for the winning play. China, though, is already moving on to the next leg in the race — one that isn’t dependent on a big, bold breakthrough — with sodium-ion batteries. Done … Read more