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automotive battery

Amara Raja deals “mitigate” impact of new lead price rises

Tue, 11/21/2017 - 14:00 -- News Editor
Amara Raja deals “mitigate” impact of new lead price rises

The CEO of India’s Amara Raja Batteries said the firm is braced for further hikes in the price of lead into 2018— but that it has “mitigated” the impact through existing contracts.

S Vijayanad said while LME prices had seen “close to 25% growth” over the past year, the industrial and automotive battery maker expects to see lead prices “in the range of $2,400 to $2,500 per metric ton” by next spring.

 

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Warning of overcapacity in China

Mon, 08/07/2017 - 10:12 -- News Editor
Warning of overcapacity in China

China’s automotive battery manufacturers face “a saturated market” in the next couple years, according to the China Daily newspaper.

“The Chinese power battery sector entered overcapacity status in 2016, and will be more excessive in 2018 or 2019,” said Zhang Junyi, partner of Nio Capital, an investment firm with links to electric vehicle company NextEV.

 

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