Economic Times of India Online News – Page 81

Policy intervention can help unlock $3.5-bn li-ion battery recycling, production in India: Report

Chemicals used in the battery recycling process sit in a warehouse at Green Li-ion’s facility in Atoka, Oklahoma, U.S. February 17, 2025. REUTERS/Nick Oxford To match Special Report USA-MINING/OKLAHOMA Policy interventions can enable unlocking of USD 3.5 billion lithium ion recycling and production ecosystem in the country by 2030, a report by industry body India… Continue reading Policy intervention can help unlock $3.5-bn li-ion battery recycling, production in India: Report

Policy intervention can help unlock $3.5-bn li-ion battery recycling, production in India: Report

India offers domestic circular battery economy worth $3.5 billion by 2030

New Delhi, June 30 (IANS) Driven by sound fundamentals and a resilient economy, Indian firms in nine sectors could collectively generate between $588 billion and $738 billion in revenues by 2030, according to a new report. India has the potential to develop a domestic circular battery economy worth $3.5 billion by 2030, aligned with its… Continue reading India offers domestic circular battery economy worth $3.5 billion by 2030

India plan to boost rare earth goals draws Vedanta, JSW interest

A proposed plan by India to spur local production of rare-earth magnets has drawn initial interest from a clutch of large conglomerates, people familiar with the matter said, as the country seeks to cut its reliance on China for these vital electric-vehicle and wind-turbine materials. The Indian government is planning an incentive program worth as… Continue reading India plan to boost rare earth goals draws Vedanta, JSW interest

EVs to drive lithium-ion battery demand growth by remarkable 48% CAGR through 2030

India’s lithium-ion battery market is set for rapid expansion, fuelled by rising demand from electric vehicles, consumer electronics, and stationary storage. The lithium-ion battery (LiB) market in India is poised for rapid growth, driven by increasing demand from consumer electronics (CEs), electric vehicles (EVs), and stationary storage (SS) applications, according to a joint report by… Continue reading EVs to drive lithium-ion battery demand growth by remarkable 48% CAGR through 2030

China’s carmakers expanding their presence in Europe

Chinese carmakers are pushing into Europe, leveraging competitive prices and advanced EV tech to challenge traditional Western auto giants. Chinese automakers are expanding in Europe, betting on their competitive pricing and advanced technology to break into a market traditionally dominated by European and American brands, amid a global shift towards electric vehicles. This expansion has… Continue reading China’s carmakers expanding their presence in Europe

China’s rare earth chokehold may open some doors for India

India is poised for an industrial shift as rare earth elements and critical minerals gain prominence amid a strategic push for self-reliance and reduced dependence on China. India is poised for an industrial shift as rare earth elements and critical minerals gain prominence amid a strategic push for self-reliance and reduced dependence on China.India appears… Continue reading China’s rare earth chokehold may open some doors for India

Hyundai India unveils HTWO Innovation Centre at IIT Madras to propel green hydrogen R&D

Hyundai Motor India Limited (HMIL), in collaboration with IIT Madras and Guidance Tamil Nadu, unveiled the design of its Hyundai HTWO Innovation Centre—an advanced research and development facility dedicated to green hydrogen technology. The upcoming 65,000 sq. ft. centre, to be located within the Discovery Campus of IIT Madras at Thaiyur, Chennai, marks a significant… Continue reading Hyundai India unveils HTWO Innovation Centre at IIT Madras to propel green hydrogen R&D

Ford says Michigan EV battery plant ‘on track’ for production tax credits

Ford says its $3 billion Michigan EV battery plant will qualify for tax credits under revised US legislation, easing concerns raised earlier this year. Ford Motor said Tuesday it believes its planned $3 billion Michigan electric vehicle battery plant, which is 60% complete, will qualify for production tax credits after a massive tax and budget… Continue reading Ford says Michigan EV battery plant ‘on track’ for production tax credits

Japan vows to seek US auto tariff concessions in trade talks

In a press conference on Tuesday, Finance Minister Katsunobu Kato said he had no plans for now to hold talks on exchange rate matters with US Treasury Secretary Scott Bessent. Japan’s trade deal with the US must include tariff concessions for its vital automobile industry, top trade negotiator Ryosei Akazawa said on Tuesday, after President… Continue reading Japan vows to seek US auto tariff concessions in trade talks