As the researchers and battery manufacturers are searching for more sustainable replacement materials for lithium, one alternative - sodium offers similar properties and can be used for battery cell manufacturing.

Major carmakers like Volkswagen, Daimler and Stellantis have been racing to secure battery cell supplies in Europe, but may face a bigger challenge finding enough battery raw materials as they plan to manufacture electric vehicles.

German chemicals giant BASF said its burgeoning auto battery recycling activities will see further investments to bolster a scarce stream of supplies of metal ingredients for its battery chemicals business.

Government’s productivity linked incentive (PLI) scheme for auto and component industry is set to change it in a big way through electric vehicles (EV), new technologies and new players in the market.

According to an analysis done by Kotak Institutional Equities, the PLI scheme for autos provides incentives in the range of 13-18% of sales value to OEMs for manufacturing EVs in India.

Continental’s development and production service provider, Continental Engineering Services and battery specialist Varta and have jointly developed an innovative product for the two-wheeler market.

Carlos Tavares, CEO, Stellantis said that by 2025, 98% of its models in Europe and North America will have fully electric or plug-in gas-electric hybrid versions.

Carlos Tavares, CEO, Stellantis said that by 2025, 98% of its models in Europe and North America will have fully electric or plug-in gas-electric hybrid versions.

The company is in talks with automakers to supply batteries manufactured at its potential U.S. factory. It might invest $2.62 billion to manufacture batteries for Stellantis and $870 million for Rivian.