Local lithium could cut EV production cost by 8-15%: Bharat New-Energy CE

IANS: "My expectation is that we can see cell prices 20-30 per cent due to these, which would lead to vehicle cost reduction of 8-15 per cent."

Tehran, Feb 27 (IANS) Iran's atomic chief has said that the country seeks to export its nuclear products and technology amid the "propaganda warfare" conducted by enemies to block the country's progress in the nuclear field.

President of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami made the remarks at the 29th Iranian Nuclear Conference at Shahid Beheshti University on Sunday, Xinhua news agency reported, citing Iran's Mehr News Agency. Eslami said the country seeks to export its nuclear products and technology, adding that Iran is currently exporting radiopharmaceuticals and some types of nuclear equipment. He also referred to the assassination of Iranian nuclear scientists and attacks on Iranian nuclear sites as measures taken by Iran's enemies to impede the progress of Iran's nuclear technology.

The US and its Western allies have accused Iran of developing a nuclear weapon, and Washington has imposed sanctions on Tehran aiming to stop its nuclear activities.

Iran rejects the allegation as "baseless" and sanctions as "illegal", saying its nuclear program is peaceful and the country has never sought to develop a nuclear weapon.

Adani Ports beats own milestone as cargo volumes cross 300 MMT in just 329 days with various government authorities, APSEZ has strategically built a string of ports (pearls) across the coastline of India, along with ICDs (inland container depots) and warehouses, woven intricately with self-owned rakes, covering more than 70 per cent of the hinterland. APSEZ has seen 4 per cent growth y-o-y at its container terminals because of its efficient infrastructure,which not only helps the country increase its trade share in global trade but also makes it easier for consumers gain access to a wide range of international products at reduced costs. Also, the lower logistics costs associated with maritime allow Indian businesses to export goods around the world,boosting domestic economy and raising the employment rate of Indians in the process.

Ahmedabad, Feb 26 (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated transport utility in India and a part of the diversified Adani Group, crossed 300 MMT of cargo handling on February 23, 2023, in just 329 days, beating its own milestone from last year of 354 days.

APSEZ has registered unprecedented growth since it started operations over two decades ago and continues to outperform all India cargo volume growth, with its market share rising rapidly.

"The improvement in cargo volumes is testimony to the faith that our customers have in us," APSEZ CEO and Whole Time Director Karan Adani said.

"It shows our commitment to using improved efficiencies and technological integrations to drive and achieve customer satisfaction.

IANS: What does the finding of lithium reserves mean for the EV industry players? Will it result in reduction in vehicle prices?

Chennai, Feb 25 (IANS) The mining and supply of domestic lithium to Indian electric vehicle (EV) makers will result in reduction in production cost of lithium cells and in end vehicle production cost, said Anirudh Ravi Narayanan, CEO & CoFounder, Bharat New-Energy. Queried about the impact of domestic supplies of lithium on the production cost of EVs, Narayanan in an interview told

"I am not an expert on the mining industry, but from what I understand it will take 3 years minimum for us to see output," he added.

Here are excerpts from the interview:

IANS: On the lithium reserves found in India.

Narayanan: It is great news for our country. However, there's more work to be done. The reserves are in G3 stage and further exploration will be needed to qualify the find with a highlevel of confidence.

Narayanan: Definitely it will be good for the industry to have local cell manufacturing and local supply chain feeding the cell manufacturing. Both of these will result in reduction in cost of the Li-Ion batteries. My expectation is that we can see cell prices 20-30 per cent due to these, which would lead to vehicle cost reduction of 8-15 per cent.

IANS: With domestic supplies of lithium will EV players will go for backward integration? What are your views for your group on this point?

The APSEZ's flagship port, Mundra, is outpacing all its closest rivals by comfortable margins and continues to be the largest port in the nation in terms of volumes handled. Mundra's infrastructure meets world standards and provides service levels on par with those of its global competitors, making it India's gateway for container goods."

Increase in cargo volume handled at ports is a signthat the nation's economy is picking up. Almost 95 per cent of the trade volumes in India are carried through maritime transport. So, having world-class mega ports is imperative for the Indian coastline. Through concession agreements

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