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Chinese start-up WM Motor Technology Group said on Tuesday that it had completed a 10 billion yuan (US$1.5 billion) round of fundraising, riding the wave of investor enthusiasm for electric vehicle makers.The Series D round of financing was led by a Shanghai state-owned investor group, including SAIC Motor.
Datafloq 09/21/2020 08:00
By Pratima Desai. LONDON (Reuters) - The need for larger rechargeable batteries and more energy storage for 5G technology is expected to significantly boost demand for cobalt over coming years and potentially pit the sector against electric vehicle makers. Larger batteries, using lithium cobalt oxide chemistry (LCO), are needed in 5G phones because the antenna, used to transmit and receive radio waves, need more power than those in 4G phones. Base station antenna for 5G also need significantly more power, putting pressure on power grids, necessitating the use of energy storage systems, which in China are now being built with cobalt containing lithium-ion batteries. (Graphic: Cobalt demand and mobile devices - https://fingfx.thomsonreuters.co.
Daily Excelsior (India) 09/19/2020 03:27
J&K Govt announces 50 %discount in electricity and water bills for one year: LG Manoj Sinha made this announcement at Srinagar today. The 50% discount on Electricity and water CHARGES announced in today’s package is 50% discount on FIXED DEMAND CHARGES for Industrial and Commercial consumers.This is NOT a discount on Electricity Bills. .
Financial Express (India) 09/18/2020 06:25
Daily average e-waybills were higher in the second week of September, compared to the previous week and August figures,” a Kotak Institutional Equities report said on Friday, adding that with the electricity consumption gap turning negative again, India consumed more electricity in the past week as compared to the same period in 2019.

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