On Wednesday, the official China Daily said China could relax the controls for the supply chains of Chinese and European semiconductor companies, citing a single source. China may relax curbs on exports of rare earths for Chinese and European semiconductor firms and other companies in their supply chain, state media said on Wednesday. In April,… Continue reading China may relax rare earth export curbs for some chip companies
Author: Economic Times of India Online News
EVs, green hydrogen, data centres to catalyse India’s electricity demand in next 5 years: ICRA
Regarding GH, ICRA said it considered a gradual scale-up in capacity, given the relatively higher cost of GH against grey hydrogen currently. A trifecta of accelerating electric vehicle (EV) adoption, green hydrogen (GH), and an increase in data centre capacity is expected to significantly catalyse electricity demand between FY26 and FY30, according to ICRA. The… Continue reading EVs, green hydrogen, data centres to catalyse India’s electricity demand in next 5 years: ICRA
China auto market price war stokes fears of industry shake-out
Last week, China’s state planner cautioned that competition in some industries was getting too heated, with some companies even selling their cars below cost, disrupting fair competition. An intensifying auto industry price war in China has stoked fears of a long-anticipated shake-out in the world’s largest car market. Shares of China’s largest automakers sank Monday… Continue reading China auto market price war stokes fears of industry shake-out
Setco Automotive’s Q4 revenue rises 19% to ₹210 crore
Lava Cast recorded its best-ever rejection rates for the year, achieving less than 5 per cent . This improvement is attributed to rigorous quality checks and advanced production processes. Setco Automotive Limited on Wednesday reported a 19 per cent year-on-year (yoY) rise in its revenue for the fourth quarter of FY25, rising to an all-time… Continue reading Setco Automotive’s Q4 revenue rises 19% to ₹210 crore
Nickel rush for stainless steel, EVs guts Indonesia tribe’s forest home
And Swedish EV company Polestar last year said it would seek to avoid compromising “uncontacted tribes” in its supply chain. Sitting deep in east Indonesia‘s lush jungle, Bokum, one of the country’s last isolated hunter-gatherers, has a simple message for the nickel miners threatening his home: “This is our land.” He belongs to the Hongana… Continue reading Nickel rush for stainless steel, EVs guts Indonesia tribe’s forest home
EV and renewable energy push to increase domestic copper demand: Hindustan Copper MD
“HCL is ramping up its mining capacity to 12.2 million tonnes per annum (mtpa) with significant expansions at its all three mining unit,” he said. The push for renewable energy and electric vehicles is expected to boost domestic consumption of copper, according to Sanjiv Kumar Singh, chairperson and managing director of Hindustan Copper Ltd (HCL).… Continue reading EV and renewable energy push to increase domestic copper demand: Hindustan Copper MD
Toyota to move some GR Corolla production to Britain, sources say
Toyota is moving some production of its GR Corolla sports car to Britain and will spend around $56 million on a dedicated line there to build exports for North America, according to two people with knowledge of the matter. By shifting some production from Japan, Toyota aims to use excess capacity in Britain to help… Continue reading Toyota to move some GR Corolla production to Britain, sources say
Maruti Suzuki introduces EV training programme across 130 ITIs
For the initiative, the carmaker will invest ₹3.9 crore to address concerns about after-sales support and accelerate EV adoption. Maruti Suzuki India announced on Tuesday the launch of a comprehensive training programme across 130 Industrial Training Institutes (ITIs) in 24 states and four Union Territories to equip technicians with the skills to handle high voltage… Continue reading Maruti Suzuki introduces EV training programme across 130 ITIs
China steel subsidies ‘distort’ global market: OECD
China’s exports reached a record level of 118 million tonnes in 2024, while imports plummeted by nearly 80 percent to 8.7 million tonnes, according to the OECD. Subsidies that China grants to its steel makers “distort” the global market and hamper decarbonisation investment in the industry, the OECD said in a report published on Tuesday.… Continue reading China steel subsidies ‘distort’ global market: OECD
IIT Delhi advances in green mobility, smart materials and clean energy research
Rare-earth elements are typically expensive and difficult to source, which makes EV production costly and environmentally challenging. New Delhi: IIT Delhi is taking a green leap with innovations in electric mobility, smart materials, and clean energy. The projects include a cost-effective EV motor using fewer rare-earth elements, 3D-printed smart fabrics that respond to the environment,… Continue reading IIT Delhi advances in green mobility, smart materials and clean energy research