BYD of China has made big gains in sales in the third quarter of 2024 calendar year to overtake Ford Motor Company in vehicle sales for the first time. 
The electric vehicle company has witnessed extraordinary expansion this year as it increased its capacity and hired more manpower. Overtaking Tesla, the electric vehicle automaker made big gains on the back of robust sales in its domestic market by exceeding its annual sales target of four million vehicles. This would be more than the worldwide sale of Honda and Ford in 2024. 
Delivering 3.76 million vehicles in the first 11 months of 2024, according to industry sources, the electric vehicle manufacturer from China reported 506,804 units for November alone. 
Offering BEVs and plug-in hybrids, BYD has clearly achieved a considerable gain in market share in its home market while it pursues a steady growth in exports markets around the world including India. 
Interestingly, 90 percent of all that the company produces is sold in its home market, the export market share being 10 percent unlike some of the other automakers who have a better exports market share in comparison to the vehicles they sell in their home markets. 
According to the October 2024 data by the China Passenger Car Association (CPCA), BYD garnered a market share of 16.2 percent in its domestic market, up from 12.5 percent in 2023. The Volkswagen and SAIC joint venture along with the other joint venture with FAW Group joint venture garnered a market share of 12.5 percent jointly, in comparison. It registered a decline from last year’s market share of 14.2 percent. 
Given the sales BYD has achieved by the first 11 months of the 2024 calendar year, it is likely to end the year by inching closer to the numbers General Motors and Stellantis does. 
 

Image for representative purpose only.

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Rincell has announced that it expects to ship over 500,000 battery cells across its product portfolio by the end of 2026, driven by commercial adoption of its RC50 21700 cell. The company is actively supplying battery cells to customers across the US, Europe and India.

The RC50 cell combines a 5Ah energy capacity with a 25A continuous and 50A burst output, retaining 80 per cent of its capacity after 1,200 full charge cycles. The cell has achieved UN 38.3 certification for international transport, IEC 62133 compliance for European markets, and BIS certification for India.

Applications for the RC50 encompass medical X-ray equipment, industrial machinery, commercial drones, and electric two-wheelers. In India, battery pack manufacturer Autorev is integrating the RC50 into its battery packs for electric scooters and motorcycles.

Founded in January 2023, Rincell operates a 6,500 sqft pilot manufacturing facility in Fremont, California, while carrying out volume production primarily in India. The company is currently constructing a production facility in the US, which is scheduled to become operational in late 2027.

Jignesh Parikh, Co-Founder and CEO, Rincell, said, "The RC50 is our all-rounder. It combines high energy, high power and long life in one cell, driving adoption across a wide spectrum of demanding commercial markets and building major order traction. Delivering that level of performance consistently and at scale is where so much of the battery industry has struggled, and it is what Rincell was built to do."

Mohammad Ubeduddin, CTO, Autorev, said, "Electric two-wheelers are one of the toughest jobs a battery can do. Riders in India push their scooters and motorcycles hard every day, through heat and stop-start traffic, so our packs need range, punch and a long working life all at once. The RC50 gives us all three in a single cell, and it has performed consistently in our own testing. That is what lets us build packs our customers can rely on as India’s electric two-wheeler market scales."

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Epsilon Advanced Materials has announced the launch of EpSil, a silicon-graphite composite anode material developed for electric vehicle battery cell manufacturing. The material is designed to increase battery energy density and enable driving range extensions of up to 30 percent without altering existing battery pack dimensions, or allow vehicle manufacturers to reduce pack size while maintaining current range metrics.

EpSil delivers a claimed reversible capacity of 600–650 mAh/g, compared to 340–360 mAh/g for conventional graphite anodes. The composite addresses structural cycle-life challenges associated with silicon expansion and contraction during charge cycles while supporting 1C–5C charge rates.

The material engineered by Epsilon aims to limit lithium plating risk and dendrite formation during high-rate charging protocols, and is compatible with existing battery cell production lines. The launch occurs against an expansion in global battery demand, with International Energy Agency data recording 1.2 TWh of electric vehicle battery deployment in 2025 and projecting demand to approach 3 TWh by 2030.

Vikram Handa, Managing Director, Epsilon Advanced Materials, said, "Battery manufacturers are being asked to deliver more range and faster charging without making battery packs larger. With Epsil, we are delivering higher anode capacity, stable fast charging and compatibility with existing manufacturing lines. Our aim is to give customers more flexibility in how they design for vehicle range and pack size, through a resilient & secure anode material supply option from India."

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Revolt Motors, a wholly-owned subsidiary of RattanIndia Enterprises, has secured an order to supply 1,100 BlazeX electric motorcycles to the Bihar Police for patrolling operations. The contract represents an expansion of the company's institutional business into law enforcement mobility.

The BlazeX model features a claimed range of up to 150 km per charge and can be recharged using a standard 10A power socket. The vehicle is equipped with a removable battery, under-seat storage for the charger and built-in GPS for fleet location tracking and monitoring.

Delivery of the vehicles is contracted for completion by January 2027, with Revolt Motors targeting completion of deliveries by November 2026. The deployment expands Revolt Motors' operational footprint, which currently includes a network of over 182 dealerships across India.

Anjali Rattan, Chairperson of RattanIndia Enterprises, said, "Securing an order for 1,100 electric bikes from Bihar Police is a significant step for Revolt. Institutional mobility presents a different set of requirements from individual ownership, and engagements of this scale give us an opportunity to take our products into real-world operating environments. We see institutional adoption as an important avenue for expanding the role of electric bikes in India."

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Amara Raja Energy and Mobility has announced its financial performance for Q2 FY2027, reporting revenue from operations of INR 38.43 billion, up 13.43 percent increase compared to INR 33.88 billion a year ago.

The profit before tax and exceptional items stood at INR 2.5 billion for the quarter ended September 30, 2026, compared to INR 2.8 billion in the same period of the prior year. For the half-year ended September 30, 2026, revenue reached INR 78.84 billion as against INR 67.38 billion in the previous half-year, while profit before tax stood at INR 5.2 billion.

The company attributed the performance to demand in the automotive battery aftermarket and original equipment manufacturer segments, home energy operations and stationary telecom battery packs.

Harshavardhana Gourineni, Executive Director of Automotive and Industrial, Amara Raja Group, said, "Robust OEM demand across 4W and 2W, together with healthy aftermarket volumes, drove domestic revenue growth of over 10 percent, while Industrial UPS grew over 7 percent. International demand remains strong, but geopolitical shipping disruptions have temporarily limited our ability to fulfil it. As logistics normalise, we are confident of accelerating growth."

Vikramadithya Gourineni, Executive Director of New Energy Business, Amara Raja Group, said, "We continue to see strong volume growth, led by the stationary segment, while our Giga Factory-1 in Telangana remains on track. With the Telecom sector rapidly shifting to lithium, we are confident of sustaining our market leadership through this technology transition. Our BESS plant is also expected to come online next month, further strengthening our capabilities across the energy storage value chain."

Jayadev Galla, Chairman and Managing Director, Amara Raja Group, "We delivered a solid performance this quarter. Our Lead Acid Business continued to perform strongly, supported by broad-based traction across segments, while the New Energy Business maintained its growth momentum. The progress on our Giga Factory remains on track, reinforcing our confidence in building a strong, future-ready energy platform."

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