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Surge in Copper Demand due to EVs, AI, and Clean Energy

26Apr By PriyankaNo Comments

ANALYSIS

Surge in Copper Demand due to EVs, AI, and Clean Energy

The surge in demand for copper, driven by technological advancements such as artificial intelligence, automation, and the shift towards renewable energy and electric vehicles, has been highlighted. Copper cables, which conduct electricity, are particularly in demand. Graeme Train, the head of metals analysis at Trafigura, a Swiss-based company, estimates that a third of the 10 million tonnes of new demand will be generated by the electric vehicle sector. He also noted that another third will be used for electricity generation, transmission, and distribution. The remaining demand will come from areas such as automation, manufacturing capital expenditure, and cooling systems in data centers. The rapid production of electric vehicles and solar panels, along with grid investment in China...

Tesla Collaborates with Tata Electronics for Semiconductor Chip Sourcing

15Apr By AdityaNo Comments

Automobile

Tesla Collaborates with Tata Electronics for Semiconductor Chip Sourcing

New Delhi, 15th April 2024: In a recent report by The Economic Times, it has been disclosed that Tesla has entered into a strategic partnership with Tata Electronics to secure semiconductor chips for its global operations. This deal, which was finalized a few months ago, highlights Tata Electronics as a reliable supplier for leading global clients looking to strengthen their semiconductor value chain in India. Although specific details regarding the agreement's value and other terms remain confidential, this collaboration underscores Tesla's ambitions to expand its presence in India, which is currently the world's fastest-growing major automotive market. Elon Musk, the visionary entrepreneur behind Tesla, is set to visit India soon for discussions with Prime Minister Narendra Modi. Duri...

Decoding the Success Story of BYD: A Case Study

1Oct By AnkitaNo Comments

Automobile

Decoding the Success Story of BYD: A Case Study

BYD, a Chinese automobile manufacturer, has risen to prominence in recent years, capturing the attention of industry experts and consumers alike. This article aims to decode the success story of BYD, examining the factors that have propelled the company's growth and success. By delving into various aspects of BYD's journey, we can gain valuable insights into the strategies and practices that have made it a formidable player in the automotive industry. Visionary Leadership One of the critical factors behind BYD's success is its visionary leadership. The company was founded in 1995 by Wang Chuanfu at age of 29. He partnered with his cousin Lu Xiangyang and established BYD Company. BYD Auto is a subsidiary of the BYD Company. BYD Auto emerged after the BYD Group acquired the Qinchuan...

25Sep By AdityaNo Comments

INDIA

India Launched its 1st Green Hydrogen Bus

New Delhi, 25th Sept 2023: In a significant step towards green mobility, India launched its 1st Hydrogen bus at Kartavya Path in Delhi. Running on Green Hydrogen fuel cell, produced using renewable energy, has the potential to play a key role in such low-carbon and self-reliant economic pathways. Green Hydrogen can enable utilization of domestically abundant renewable energy resources across regions, seasons, and sectors, feeding multiple usage streams, either as a fuel or as an industrial feedstock. It can directly replace fossil fuel derived feedstocks in petroleum refining, fertilizer production, steel manufacturing etc. Innovating Mobility: The Power of Fuel Cells Fuel cell technology is emerging as one of the important spokes in the e-mobility paradigm. Hydrogen can be u...

13Jun By NitishNo Comments

Automobile

Future of Automobile Industry & Key Trends

The future of automobile industry is expected to be shaped by several key trends and developments. Here are some significant aspects that could shape the industry in the coming years: Electric Vehicles (EVs): The shift toward electric vehicles is gaining momentum. Governments around the world are setting ambitious targets to reduce carbon emissions, and automakers are investing heavily in the development of electric cars. As battery technology improves, EVs are becoming more affordable, offering longer ranges, and charging infrastructure is expanding. This trend is likely to continue, leading to increased adoption of electric vehicles. Autonomous Vehicles (AVs): Self-driving cars are another major development in the automobile industry. Companies are investing in autono...

11Feb By AnkitaNo Comments

INDIA

India found 5.9 million tones of Lithium, Crucial for future growth

The Geological survey of India team found 5.9 million tones of lithium reserves in Jammu and Kashmir region of India, the total quantity of lithium found surpasses China. Lithium is a non-ferrous metal and is one of the key components for electric vehicle, mobile, laptop batteries etc. Lithium falls in the critical resource category which was not earlier available in India and were dependent for its 100 percent import. The G3 (advanced) study of the GSI shows the presence of best quality lithium in abundant quantity in the foothills of Mata Vaishno Devi shrine at Salal village (Reasi). The normal grade of lithium is 220 parts per million (PPM), the lithium found in J&K is of 500 ppm-plus grading, and with a stockpile of 5.9 million tons, India will surpass China in its availab...

The Future of Australia’s Lithium Supplies

6Jan By NitishNo Comments

BLOGS

The Future of Australia’s Lithium Supplies

MELBOURNE, Australia, Jan. 06, 2023: Beginning lithium mining in 1983, Western Australia is now famously home to the largest lithium mine in the world. Over the years, as lithium has become a more valuable, in-demand metal, Australia has risen to the task of being the primary lithium supplier around the globe. But consumers are increasingly wondering whether there's a sustainable path forward for the lithium mining industry - It Matters to You, provider of auto recycling and cash for cars Melbourne-wide, reveals what the future may look like for the Australian lithium mining industry. Greenbushes, located just outside of Perth, Western Australia, currently supplies around 40 percent of Australia's lithium output - altogether, Australia produces approximately 50 percent of the world's li...

Ola Sold Electric Scooters Close to $100 Million on a First day

16Sep By PriyankaNo Comments

Automobile

Ola Sold Electric Scooters Close to $100 Million on a First day

Bengaluru, India, 16th Sept 2021: India's leading cab service provider Ola said its electric vehicle subsidiary Ola Electric sold scooters worth close to $100 million on the first day of the sale of its model S1. Ola Electric had on Wednesday commenced the sale process of its electric scooter, which comes in two trims Ola S1 and S1. "India is committing to EVs and rejecting petrol! We sold 4 scooters/sec at peak & sold scooters worth 600Cr+ in a day! Today is the last day, purchase will shut at midnight," said Ola co-founder Bhavish Aggarwal in a tweet.In the blog, he wrote Noting that the company had sold scooters worth over Rs 600 crore in 24 hours, Aggarwal said: "That's more, in value terms than what the entire 2W industry sells in a day! Make no mistake, the age of EVs is he...

Mercedes Benz Ready to go all Electric, Plans for eight Gigafactories

22Jul By AdityaNo Comments

Automobile

Mercedes Benz Ready to go all Electric, Plans for eight Gigafactories

Mercedes-Benz is getting ready to go all electric by the end of the decade, where market conditions allow. Shifting from electric-first to electric-only, the world's pre-eminent luxury car company is accelerating toward an emissions-free and software-driven future. By 2022, Mercedes-Benz will have battery electric vehicles (BEV) in all segments the company serves. From 2025 onwards, all newly launched vehicle architectures will be electric-only and customers will be able to choose an all-electric alternative for every model the company makes. Mercedes-Benz intends to manage this accelerated transformation while sticking to its profitability targets. "The EV shift is picking up speed - especially in the luxury segment, where Mercedes-Benz belongs. The tipping point is getting closer a...

Ola Electric raises $100 million long term debt

12Jul By AdityaNo Comments

Automobile

Ola Electric raises $100 million long term debt

TN, July 12, 2021: Ola Electric and Bank of Baroda have signed the largest long-term debt financing agreement in the Indian EV industry. This 10-year debt of US$100 million is towards the funding and financial closure of the Phase 1 of the Ola Futurefactory, Ola’s global manufacturing hub for its electric two-wheelers. Ola had earlier announced last December that it will be investing Rs 2,400 crore for setting up the Phase 1 of the factory. “Today’s agreement for long term debt financing between Ola and Bank of Baroda signals the confidence of the institutional lenders in our plans to build the world’s largest two-wheeler factory in record time. We are committed to accelerating the transition to sustainable mobility and manufacture made in India EVs for the world and we are happy tha...

5Mar By reutersNo Comments

INDIA

India woos Tesla with offer of cheaper production costs than China

India is ready to offer incentives to ensure Tesla Inc's cost of production would be less than in China if the carmaker commits to making its electric vehicles in the south Asian country, transport minister Nitin Gadkari told Reuters. Nitin Gadkari's pitch comes weeks after billionaire Elon Musk's Tesla registered a company in India in a step towards entering the country, possibly as soon as mid-2021. Sources familiar with the matter have said Tesla plans to start by importing and selling its Model 3 electric sedan in India. "Rather than assembling (the cars) in India they should make the entire product in the country by hiring local vendors. Then we can give higher concessions," Gadkari said in an interview, without giving details of what incentives would be on offer. "The govern...

Volvo will make only EVs by 2030; will be sold exclusively online

2Mar By AnkitaNo Comments

Automobile

Volvo will make only EVs by 2030; will be sold exclusively online

Swedish automaker Volvo says it is phasing out the production of all cars with internal combustion engines including hybrids and will make only electric vehicles by 2030. But if you want one, you'll have to buy it online. There is no long-term future for cars with an internal combustion engine, said Henrik Green, Volvo's chief technology officer. Volvo's announcement follows General Motors' pledge earlier this year to make only battery-powered vehicles by 2035. While its all-electric vehicles will be sold exclusively online, dealerships will remain a crucial part of the customer experience and will continue to be responsible for a variety of important services such as selling, preparing, delivering, and servicing cars. As part of the announcement, the Swedish automaker will unv...