- Arvind's Newsletter
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- Arvind's Newsletter
1.Tata Seeks Partnerships for UK Battery Plant to Supply Jaguar Land Rover EVs, reported Bloomberg
Tata Sons is in discussions with multiple startups as the conglomerate seeks technical know-how for its £4 billion ($5.1 billion) UK battery plant, where it aims to start mass production in 2026.
The collaborations for the battery plant, capable of supplying cells for at least 500,000 vehicles a year, could range from a joint venture and sharing of knowledge to experimentation and licensing agreements.
Tata intends to have partners across “the whole pathway from cell chemistry to manufacturing to industrialisation,”. The conglomerate is speaking to several companies involved in different stages of the value chain — research and development, manufacturing innovation and refining— and plans to make an announcement soon after narrowing down the options.
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2.In yesterday’s edition of our newsletter we covered the final exit of Carat Lane’s original promoters to Titan. The following article in Economic Times interviews one of the original founders-Mithun Sacheti, who sheds interesting insights into the Carat Lane’s success story including how he was backed by Rakesh Jhunjhunwala and mentored by Bhaskar Bhatt of Titan. Great Read.
3.China will reportedly push to expand the BRICS bloc of developing economies at a summit this week, aiming to create a rival to the G-7.
The effort faces strong opposition from India in particular, the Financial Times reported, while Brazil is also unlikely to support openly anti-Western efforts. According to South Africa, which is hosting the summit, 23 countries have expressed interest in joining the five-member bloc. Pretoria said claims that expansion was anti-Western were “extremely wrong” — though the group queueing up to join apparently includes Iran, Venezuela, and Belarus. On the other hand, South Africa's president Cyril Ramaphosa expressed his support for an expansion.
4.China’s sharply slowing growth is prompting experts to revise assumptions over when it will overtake the U.S. as the world’s biggest economy.
In 2010, Goldman Sachs projected it would occur later this decade, while The Economist said it could come by 2019. But with a rapidly aging population, a growing mountain of debt, and an array of other challenges, many are pushing a projected overtaking out to the 2030s, if it happens at all reported the Economist.
An economist Noah Smith, whose opinion pieces readers have seen often in this newsletter provides interesting insights into “Why China's economy ran off the rails”. If there’s a grand unified theory of China’s economic woes, it’s simply “too much real estate”.
5.Why some ships are getting back their sails
Shipping accounts for 2.1% of global CO2 emissions—using wind instead of fuel could help to cut that.
