NewsBizkoot.com

Tag: mobility

  • Bajaj Auto clocks 9 pc net profit growth at Rs 2,005 crore in Q3, EV sales surge

    New Delhi, Oct 16: Riding on its green energy portfolio, Bajaj Auto on Wednesday reported a net income of Rs 2,005 crore in the July-September quarter (Q2 FY25), up 9 per cent from a year-ago period.

    Adjusting for the exceptional deferred tax provision, profit after tax (PAT) reached Rs 2,216 crore, up 21 per cent (year-on-year).

    “Reported PAT was at Rs 2,005 crore, after making an additional provision of Rs 211 crore to account for the cumulative one-time impact on Deferred Tax on Investment Income, due to the withdrawal of indexation and change in tax rate in the Finance Act, 2024,” the company said in its regulatory filing.

    The automaker reported revenue from operations at Rs 13,000 crore, up 22 per cent YoY.

    Bajaj Auto’s shares closed 0.88 per cent higher at Rs 11,622.5 apiece on Wednesday.

    The company said its green energy portfolio scaled up to reach new milestones of 1 lakh electric vehicles (EVs) sold in the month of September, which included 70,000 Chetak electric scooters (with a market share at 21 per cent in September).

    “The portfolio comprising of electric and CNG vehicles across both the 2W and 3W portfolio, which now contributes a significant 40 per cent of total domestic revenues,” Bajaj Auto said in the filing.

    The company said that it saw double-digit growth in both motorcycles and commercial vehicles, propelled by the near trebling of electric scooters.

    “Pulsar continues to gain traction across markets as it delivered its highest quarterly sales of 1.1 lakh units,” the company informed.

    The firm further stated that it is on the path to replicate the leadership of the ICE 3W segment to e3Ws (electric), as the segment exit market share reached 35 per cent, having doubled from the end of last year.

    At the end of quarter, Bajaj Auto has surplus cash of Rs 16,392 crore, after having invested Rs 1,200 crore towards strategic growth enablers (primarily capital infusion into Bajaj Auto Credit Ltd. and EV capex), and distributing Rs 2,233 crore as dividend in H1 FY25.

  • Hyundai Motor develops automated vehicle press mold design system

    Seoul, Oct 16: Hyundai Motor Group said on Wednesday it has developed the world’s first automated system for designing vehicle press molds, allowing drastic reduction in design time and quality improvement in the automobile production process.

    Press molds are tools used to produce exterior parts, such as trunks and hoods, and each part requires three to five press operations, with different molds used for each step.

    The group said it has standardised the technical documents and design conditions for mold design and integrated the previously scattered design processes into a single system, reports Yonhap news agency.

    The system allows designers to simply input the necessary values step by step into the system, which then automatically generates the optimal design blueprint for the press mold.

    The company said the mold design time can be reduced by over 75 percent, and design errors can be eliminated through its new system, leading to improved quality.

    Hyundai Motor and Kia have been applying this system partially since 2020, and they have recently completed the development of the system that can be utilised for the design of molds in all press operations.

    Meanwhile, Hyundai Mobis, South Korea’s leading automotive parts maker, said on Wednesday it has signed an investment agreement worth some 350 billion won ($256.2 million) with the Slovak government to build manufacturing facilities for electric vehicle (EV) parts in the European country.

    It has signed the agreement with the Slovak government to build a 250 billion-won production base for producing power electric (PE) systems, a key EV component, in Novaky, Slovakia.

    The company also plans to construct a 95 billion-won factory for EV braking systems within its existing facility in Zilina. Slovak Prime Minister Robert Fico and Hyundai Mobis President Lee Gyu-suk attended a signing ceremony in Bratislava.

    The company said it plans to leverage its new electrification hub in Slovakia as a strategic foothold for expanding its presence in the European EV market.

  • India L5 E-3W Sales Trend | Jan 2024

    Total Registered e-3W L5 Passenger Sales (Jan’24 – Aug’24) – 69,076 units

    Top selling states for e-3W L5 passenger | Jan’24 – Aug’24

    Observations:

    Source: EVreporter Data Portal. Combined data from Vahan and Telangana. Low speed L3 e-rickshaw data not included.

    • The highest EV sales in 3W passenger category were registered in Uttar Pradesh, Assam and Bihar with 21,404, 6,912, 4,841 units respectively. Bajaj Auto hold the highest sales in Uttar Pradesh with 8,778 units followed by Mahindra Last Mile Mobility with 6,762 units during this period.
    • The highest EV penetration in e-3W passenger category was observed in Chandigarh with 100% penetration followed by Puducherry and Tripura with 71.5% and 57.7% respectively.
    • Mahindra Last Mile Mobility registered highest sales in e-3W passenger category followed by Bajaj Auto and Piaggio.

    Leading OEMs in electric L5M category, Jan’24 – Aug’24

    Source: EVreporter Data Portal. Combined data from Vahan and Telangana

    Total Registered e-3W L5 Cargo Sales (Jan’24 – Aug’24) – 22,632 units

    Top selling states for e-3W L5 Cargo | Jan’24 – Aug’24

    Observations:

    Source: EVreporter Data Portal. Combined data from Vahan and Telangana. Low-speed L3 e-cart data not included.

    • The highest EV sales in 3W cargo category were registered in Delhi, Tamil Nadu and Maharashtra with 5,432, 2,040 and 2,010 units respectively. Omega Seiki and Euler Motors holds the highest sales in Delhi with 2,699 and 1,297 units sold respectively during this period.
    • The highest EV penetration in e-3W goods category was observed in Meghalaya with 96.7% penetration followed by Delhi and Chandigarh with 74.8% and 43.5% respectively.
    • Mahindra Last Mile Mobility registered highest sales in electric L5N category followed by Omega Seiki and Euler Motors.

    Leading OEMs in electric L5n category, Jan’24 – Aug’24

    Source: EVreporter Data Portal. Combined data from Vahan and Telangana

    For deeper insights into India’s EV sales trends (including Telangana data) – Segment-wise, OEM-wise, city-wise, RTO-wise and state-wise – check out the EVreporter Data Portal here and subscribe.

    Also read: India’s electric vehicle sales trend | September 2024

    This article was first published in EVreporter Oct 2024 magazine

    Subscribe & Stay Informed

    Subscribe today for free and stay on top of latest developments in EV domain.

  • Maruti Suzuki Introduces Baleno Regal Edition

    Hyderabad: Embracing the festive fervour, Maruti Suzuki India Limited (MSIL), on Tuesday introduced the new Baleno Regal Edition. The new special edition version will be available across all variants of the model, including the automatic and CNG variants. The new model is tailored to elevate the appeal of the popular premium hatchback with enhanced cabin comfort and stylish design elements to lend a personalised touch. Equipped with complimentary accessory kits, the model offers incredible value to customers looking for a technologically advanced premium hatchback with unique styling.

    Commenting on the introduction of the new model, Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “Baleno has always been at the forefront of the premium hatchback segment, redefining customer expectations. To make this festive season more exciting and joyful for our customers, we have carefully crafted the new Baleno Regal Edition. It features distinct styling with appealing interior and exterior enhancements.

    Since its inception in 2015, this bold premium hatchback has become a part of more than 15 lakh families in India. With its aggressive design, spacious cabin, and tech-loaded features , it has captivated customers across the country. We are confident that the launch of the Baleno Regal Edition will further contribute to the festive cheer for our discerning customers.”

    The model offers a range of carefully curated accessories to enhance the cabin comfort & add to the premium hatchback’s stylish appeal. Lending a striking appearance to the exteriors are a grille upper garnish, front underbody spoiler and fog lamp garnish. A similar styling treatment is available for the rear underbody spoiler and back door garnish, along with body side moulding and door visors to give the new Baleno Regal Edition a unique new identity. The interiors of the car are adorned with a new seat cover, interior styling kit, window curtain and all-weather 3D mats.

    The embellishments on the model are designed to complement the car’s suave, tech savvy persona. The model is loaded to the gills with a barrage of high-end technology features including the 360 View Camera, coloured Head Up Display for the driver, LED projector headlamps with NEXTre’ LED DRLs, Auto Dimming Interior Rear View Mirror, Automatic Climate Control, and a SmartPlay Pro+ Infotainment system with a 22.86 cm display for a high-end experience. Secured by the NEXA Safety Shield, the new Baleno Regal Edition is equipped with an array of safety features including 6 airbags, ESP, Hill Hold Assist, ABS with EBD, and the next-generation Suzuki Connect telematics with over 40 smart features.

  • GMP, Price Band, Issue Size; All You Need To Know

    One of the most anticipated Initial Public Offering (IPO) of Hyundai Motor India Limited has hit the primary markets today and it will remain open till October 17. With a market share of nearly 15%, the second-largest automobile manufacturer plans to raise ₹27,870.16 crore. The price band has been fixed between ₹1865 – ₹1960 apiece. Investors should note that the IPO is an Offer For Sale, where the company will be liquidating 14.22 crore shares. In an OFS, promoters of the company sell their shares via stock exchanges. None of the money raised via the OFS will be utilised for the company’s betterment.

    What’s the Grey Market Premium (GMP) of Hyundai India?

    As per the experts, the GMP of Hyundai India shares are available at a premium of ₹65. However, it already fell by about 89% from the previous high of ₹570.

    What’s the subscription status of the Hyundai Motor India IPO?

    By 11:09 AM today, the IPO was subscribed by 0.08 times. Retail investors subscribed by 0.18 times, whereas non-institutional investors subscribed by 0.05 times. All together, the listing on the NSE and the BSE will most likely take place on October 22.

    Are there any shares reserved for the company’s employees?

    Yes, the company has apportioned 778,400 shares for employees at a discount of ₹186 to the issue price.

    Who is the registrar of the book build issue?

    KFin Technologies is appointed as the registrar of the book build issue.

    Who are the lead managers of the IPO?

    Lead managers include Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, HSBC Securities & Capital Markets Pvt Ltd, J.P. Morgan India Private Limited, and Morgan Stanley India Company Pvt Ltd.

    Should You Apply? What do the brokerages have to say?

    Gaurav Garg, Research analyst at Lemon Markets gave a ‘subscribe’ tag to the IPO. He said, “Hyundai Motor India’s upcoming IPO is set to be the largest in the country’s history, offering investors a unique opportunity to engage with the second-largest car manufacturer in India. The brand has showcased remarkable operational efficiency, sourcing about 90% of its parts locally. This has significantly contributed to its robust financial performance, highlighted by a revenue CAGR of 19.4% over FY21-24 and an impressive return on capital employed (RoCE) exceeding 50% in FY24. With strong financials and a diverse product lineup, Hyundai presents an attractive long-term investment opportunity, even if initial listing gains may be modest.”

    While assigning a ‘buy’ tag to the IPO, Master Capital said, “The company plans on maintaining its strong position by expanding its passenger vehicle portfolio by leveraging its deep understanding of consumer preferences and increasing its EV market share. The company also intends to continue premiumization of its passenger vehicle portfolio and focus on calibrated manufacturing capacity expansion and efficient capital allocation. The issue is fully priced, and Investors interested in the company can invest in the IPO for the long term.”

    Shivani Nyati, Head of Wealth at Swastika Investment while giving the ‘apply for long-term’ tag to the issue affirmed ‘potential upside for investors.’

    She added, “The IPO is an Offer for Sale (OFS), so the company receives no proceeds. Given the significant size of the IPO, it may not be easy to achieve substantial listing gains. Investors with a long-term perspective and a willingness to accept potential listing challenges may consider applying for the HMIL IPO.”

    What do other brokerages have to say about the IPO?

    Aditya Birla, Anand Rathi, Arihant Capital Markets, Bajaj Capital, Canara Bank Securities, Cholamandalam Securities, ICICI Direct, IDBI Capital, KR Choksey Securities, Marwadi Shares and Finance, SBI Capital Securities, SMIFS have given a ‘subscribe’ tag.

  • 5 Irresistible October SUV Deals Offering Discounts Up to ₹2.5 Lakh in India

    As the festive season kicks off in October 2024, it’s an ideal time for car buyers to seize exciting discounts on SUVs. Automakers are eager to boost sales during this period, offering substantial deals across their lineups, particularly on models that may not have sold as well throughout the year. This month, we highlight the top five SUV discounts, featuring popular options like the Maruti Jimny and Skoda Kushaq.

    Maruti Jimny – Up to ₹2.5 Lakh

    Leading our list is the Maruti Jimny, one of the most popular lightweight off-road SUVs globally. While favoured in several international markets, current-gen Jimny sales haven’t met Maruti’s expectations. To attract buyers, the company is offering discounts of up to ₹2.5 lakh on the Alpha variant, along with ₹1.95 lakh in offers on the Zeta model. These significant discounts are especially appealing for a vehicle priced between ₹12.74 lakh and ₹15.05 lakh (ex-showroom).

    Skoda Kushaq – Up to ₹2.5 Lakh

    Next is the Skoda Kushaq, a strong competitor in the mid-size SUV segment. If you’ve been considering the Kushaq, now is a great time to act. Competing with models like the Hyundai Creta, Kia Seltos, and Maruti Grand Vitara, Skoda is offering discounts of up to ₹2.5 lakh on older stock equipped with two airbags, which includes exchange and corporate incentives.

    Mahindra Thar 3-Door – Up to ₹1.25 Lakh

    The Mahindra Thar 3-door remains a favourite among off-roading enthusiasts, known for its rugged charm and adventurous spirit. Initially, high demand led to long waiting periods for this iconic SUV. However, interest has surged with the arrival of the new Thar Roxx (the 5-door variant). Mahindra is now offering a ₹1.25 lakh incentive on the Thar 3-door, along with accessories valued at ₹25,000, totalling an impressive ₹1.50 lakh.

    Maruti Grand Vitara – Up to ₹1.03 Lakh

    The Maruti Grand Vitara stands out in the mid-size SUV segment, capturing market share from competitors like the Hyundai Creta and Kia Seltos since its launch. Available in both petrol and strong hybrid variants, the Grand Vitara has performed well in sales. To enhance its appeal, Maruti is now providing discounts of up to ₹1.03 lakh on the strong hybrid version, which boasts a remarkable claimed mileage of 27.97 km/l, appealing to cost-conscious car owners.

    Hyundai Alcazar – Up to ₹85,000

    Rounding out our list is the Hyundai Alcazar, the 7-seater version of the popular Creta. The discounts mentioned here apply to the pre-facelift model, as Hyundai has recently launched an updated version of the Alcazar. This premium 6- or 7-seat SUV is equipped with modern amenities, advanced technology, and robust safety and connectivity features. In October, buyers can enjoy discounts of up to ₹85,000 on the Alcazar, including a cash discount of ₹55,000 and an exchange bonus of ₹30,000.

  • Toyota Kirloskar Motor Introduces Urban Cruiser Hyryder ‘Festival Limited Edition’

    Hyderabad: Reinforcing its legacy of innovation and customer-centric approach, Toyota Kirloskar Motor (TKM) on Monday announced the introduction of the Urban Cruiser Hyryder ‘Festival Limited Edition’, featuring exclusive Toyota Genuine Accessories (TGA) Package. This latest addition to the Urban Cruiser Hyryder line-up comes with 13 specially designed TGA, further enhancing the dynamic and premium driving experience.

    Exterior Chrome and Ornamental Accessories: Mudflap, Door Visor (Premium with SS Insert), Front and Rear Bumper Garnish, Head Lamp Garnish, Hood Emblem, Body Cladding, Fender Garnish, Rear Door Lid Garnish, and Door Chrome Handle

    Interior Premium and Advanced Accessories: All-Weather 3D Floormat, Leg Room Lamp, and a Digital Video Recorder

    Since its debut in 2022, the Hyryder has carved a special place in the hearts of the consumers across the country, with its cutting-edge technology, dynamic performance, and best-in-class fuel efficiency. Its bold and sophisticated styling, combined with Toyota’s renowned global SUV lineage, has made it one of the most sought-after models in the B-SUV segment. With ever growing customer demand and overwhelming acceptance across the nation, the Hyryder continues to be a preferred choice for customers seeking a more sustainable driving option without compromising on the performance or the comfort.

    The Festival Limited Edition will offer a range of premium enhancements with the TGA Package, designed to further accentuate the vehicle’s aesthetics and convenience. This package with 13 accessories is specifically selected to give a refined premium look to both the exterior and interior of the vehicle. This exclusive package is available for the V and G grades of both the Neo Drive and Hybrid variants, providing wider choices to diverse customers.

    Sabari Manohar, Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor, said, “Ever since its launch in 2022, the Hyryder has been a symbol of TKM’s commitment to providing sustainable mobility and has gained enormous popularity with high customer satisfaction. The growing demand and positive reception have encouraged us to continually enhance our offerings. Our unrelenting customer-centric approach has inspired us to stay ahead of the curve by understanding the diverse needs of our customers and offering an array of products and services.

    With the introduction of the Festival Edition featuring the exclusive TGA package, we aim to deliver a more personalized and premium driving experience for our customers, while providing the legendary performance and efficiency that the Hyryder is known for. What makes it an even greater value proposition is that the SUV is backed by renowned Toyota value-added services specially designed with Indian customers in mind. Furthermore, during this festive period, the Limited Edition comes with a complimentary package, delivering happiness to our valued customers”.

    As part of this special launch, TKM is offering a complimentary package worth Rs50,817 for the customers opting for Festival Limited Edition made available at dealerships across India until 31st October 2024. All TGAs will be fitted by certified Toyota technicians across dealerships, ensuring the highest quality standards and customer satisfaction. Further, the Limited Edition is complemented by an array of value-added services such as extended warranty and Toyota genuine accessories, focusing on affordability and flexibility that will be beneficial to the customers.

  • Raptee.HV unveils e-motorcycle, T30 priced at ₹2.39 lakh • EVreporter

    Raptee.HV, an electric motorcycle startup based in Chennai, has launched the T30, a high-voltage electric motorcycle. It uses high-voltage technology and is compatible with universal charging standards, including 13,500 CCS2 car charging stations across India, with this number expected to double in the coming year. Equipped with an onboard charger, the T30 is priced at ₹2.39 lakh, positioning it alongside 250-300 cc ICE motorcycles with potential long-term cost savings and environmental benefits. Deliveries will begin in Chennai and Bangalore in January 2025, with plans for expansion to other cities.

    The motorcycle has an IDC estimated range of around 200 km and a real-world range of over 150 km on a single charge. It can accelerate from 0 to 60 kmph in under 3.5 seconds. The vehicle comes with an IP67-rated battery pack and an 8-year or 80,000-kilometre battery warranty. The T30 features custom-built operating system based on an automotive-grade Linux platform. The motorcycle will be available in four colours: Horizon Red, Arctic White, Mercury Grey, and Eclipse Black.

    Raptee.HV is also establishing a “Tech Store.HV” experience center at its Chennai headquarters, offering factory tours. The company aims to offer both direct-to-consumer and traditional retail options for purchasing its products.

    Dinesh Arjun, Co-founder & CEO, Raptee.HV, said, “Our goal was never to create an electric version of an ICE motorcycle, but to do justice to motorcycling with truly pioneering tech. We have taken the core of advanced electric car tech and engineered it for motorcycles. Launching India’s first high-voltage electric motorcycle was a technical challenge from the very beginning. Over the last 5 years, the amazing team at Raptee has had to build the entire architecture from scratch to make HV on 2Wheelers possible. That we have succeeded is a testament to what can be achieved with the right vision and a focus on innovation. We believe our HV technology is the missing piece of the puzzle that will accelerate the electrification of motorcycles and revolutionize how motorcycles will be built in the future.”

    Jayapradeep Vasudevan, CBO of Raptee.HV, emphasized the significance of their motorcycle launch in the electric two-wheeler industry, highlighting the larger opportunity presented by the Indian motorcycle market. He outlined the company’s commitment to delivering a high-quality customer experience, inspired by premium consumer brands. Plans include introducing digital and direct-to-consumer offerings, beginning with experience centers in Chennai and Bangalore, followed by expansion into other regions and international markets. He noted a five-year strategic roadmap aimed at establishing Raptee.HV as a key player in the electric vehicle sector.

    Raptee.HV recently closed its Pre-Series A funding round, led by Bluehill Capital and Artha99 Ventures, and is in the final stages of its Series A round to support production, expansion, and market rollout.

    Also read: EV startup Raptee introduces its inaugural motorcycle from from Chennai facility

    Subscribe & Stay Informed

    Subscribe today for free and stay on top of latest developments in EV domain.

  • JSW MG Motor India Launches a New Campaign for MG Windsor

    Hyderabad: JSW MG Motor India has unveiled a new exciting campaign for Inida’s first Intelligent CUV, MG Windsor, in partnership with Cheil X. The campaign, titled ‘Live Business Class’, redefines what luxury and comfort in travel should entail. It draws a parallel between the experience of driving the MG Windsor and traveling in business class on an airplane, emphasising comfort, premiumness, and elegance.

    The campaign film introduces MG Windsor as an aspirational business-class experience brought to the road and within reach of Indian consumers. The campaign will roll out across various digital platforms with a series of eight feature-led films. These films centre around a family of four, a mother, father, their 8-year-old daughter, and a grandfather, who embark on enriching journeys enhanced by the vehicle’s innovative features, such as the Infinity View™ Glass Roof, Aero-lounge™ seats with 135-degree recline, and the 15.6-inch GrandView™ infotainment screen.

    The launch follows a two-month teaser phase across digital and social media, building anticipation through influencer content, engagement strategies, and teaser videos hinting at the arrival of a new class of comfort in the automotive industry.

    Commenting on the campaign, Udit Malhotra, Head of Marketing, JSW MG Motor India, said, “The ‘Live Business Class’ campaign is all about redefining premium travel. Our goal is to create a connection with consumers who aspire to elevate their driving experience, much like traveling business class on an airplane. Similarly, with the MG Windsor, we aim to bring a world-class experience to Indian roads, one that combines luxury, innovation, and sustainability. MG Windsor is not just a car, it’s a lifestyle choice for those who appreciate indulgence in every aspect of their travel. This campaign reflects how we envision the future of travel, where comfort, premiumness and technology come together seamlessly.”

    Amit Nandwani, National Creative Director, Cheil X – Delhi, said, “The concept of ‘Live Business Class’ is powerful and clear, delivering the promise of unparalleled luxury on the road. The campaign’s visual narrative effortlessly transitions from an airplane cabin to the inside of the MG Windsor EV, evoking a sense of superior comfort. This idea, with its elegant simplicity, has been crafted to resonate across multiple campaign touchpoints and reshape automotive advertising in India.”

    The MG Windsor is packed with a host of industry-first features, designed to enhance both comfort and technology for drivers and passengers alike. Its first-in-segment Aero Lounge seats offer unmatched relaxation with their 135° recline capability, while the expansive 604-liter boot space provides ample room for luggage. The Windsor also features an IP67-certified 38kWh battery, ensuring durability and safety, coupled with four driving modes, Eco+, Eco, Normal, and Sport to cater to different driving preferences. Additionally, its Infinity View Glass Roof and best-in-class wheelbase of 2700 mm create a sense of openness and luxury, redefining what customers can expect from a CUV.

    The MG Windsor takes smart connectivity and in-car technology to new heights with its MG-Jio Innovative Connectivity Platform (ICP), offering advanced features such as Home-to-Car functionality and over 100 AI-powered voice commands. Drivers can control essential functions and access infotainment using simple voice commands in multiple Indian languages, enhancing ease of use. The 15.6-inch Grandview Touch Display not only provides intuitive navigation and entertainment options but also integrates seamlessly with the vehicle’s smart systems. With 80+ connected features, including real-time navigation, remote vehicle control, and safety alerts, the MG Windsor ensures a cutting-edge, intelligent driving experience.

  • Integrals Power advances EV range with new LMFP battery technology • EVreporter

    UK-based Integrals Power claims to have developed and validated a new Lithium Manganese Iron Phosphate (LMFP) cathode material that could increase electric vehicle range by up to 20%. The company’s technology uses a high manganese content to boost voltage (4.1V) while maintaining a similar specific capacity to current Lithium Iron Phosphate (LFP) materials, leading to improved energy density. This material approaches the performance of more expensive Nickel Manganese Cobalt (NMC) chemistries.

    Integrals Power’s LMFP materials, containing 80% manganese (compared to 50-70% in similar materials), provide a higher specific capacity of 150mAh/g and a voltage of 4.1V (versus 3.45V for LFP). Third-party testing at the Graphene Engineering Innovation Centre (GEIC) has been completed on coin cells and is now advancing to EV-representative pouch cells. These materials will soon be available for evaluation by cell suppliers, battery manufacturers, and OEMs.

    Integrals Power produces LMFP materials at its UK facility, supporting the domestic battery industry and future regulations like the 2030 ban on new combustion engine vehicles and the 2050 net zero emissions target. Local manufacturing enhances supply chain security and transparency, while mitigating risks from import tariffs on EVs and components. The company sources raw materials from European and North American suppliers, delivering higher performance LFP and LMFP cathode materials with greater energy density than Chinese-made alternatives, which account for 90% of global production (International Energy Agency).

    Integrals Power Founder and CEO Behnam Hormozi said: “The challenge that the automotive industry has been trying to overcome for some time is to push up the percentage of manganese in LMFP cells to a high level while retaining the same specific capacity as LFP. Using traditional methods the more manganese you add, the more specific capacity drops, and this has meant it can’t deliver a high energy density. Our proprietary materials and patented production processes have enabled us to overcome this trade-off and increase manganese content to 80 per cent, placing us at the cutting edge of LMFP chemistry. With the third-party evaluation from the Energy team at GEIC, we’re proud to have developed a world-class cell material in the UK that can rival the performance of NCM but is more sustainable and more affordable, and will accelerate the transition to e-mobility.”

    GEIC’s Applications Manager in Energy, Nicky Savjani, said: “The dedicated team in the GEIC Energy labs provides comprehensive support in battery materials development and evaluation, bridging academic innovations and industry appetite to push next-generation technologies towards commercialisation. Our GEIC Energy facility, combined with its dedicated team of battery engineers, is driving the push for decarbonising the transport sector and reinforcing the UK’s leadership in developing sustainable battery technologies. The battery cells we produced using Integral Power’s LMFP materials exhibited competitive specific capacity during testing, highlighting their potential to enhance EV efficiency and reduce costs by increasing range.” 

    Also read: LOHUM to produce LMFP Li-ion batteries | Appoints Chaitanya Sharma

    Subscribe & Stay Informed

    Subscribe today for free and stay on top of latest developments in EV domain.