Paresh Kale

Associate Prof at NIT Rourkela. vivid Blogger, Enthusiast Photographer, and alumni of IIT Bombay.

[Paresh Kale @PareshKaleIITB]

#iitbombay

[Paresh Kale @PareshKaleIITB]

@LtGenDPPandey

[Vikas Vij @TheClubJunto]

R&D Lessons from China: After Reliance, JSW Halts Battery Mfg Plans

(a) RIL & JSW: “China has weaponized access to battery tech” (b) FACT: Chinese firms failed for 30 yrs doing R&D, while we focused on quarterly EBITDA (c) Renting vs Owning Mentality.

India’s Licensing Mentality

a. On Aug 26, 2026, Parth Jindal (36 yrs) told reporters that JSW has halted its ₹40,000 cr planned investment to manufacture LFP (lithium iron phosphate) battery in India. Parth said: “China is guarding LFP technology like a weapon.”

b. At Reliance AGM 2026, Anant Ambani (31 yrs) told shareholders: “Access to battery tech is being weaponized.” Reliance was forced to halt its mfg plans for LFP battery after China refused to license cell technology.

c. Indian industry prefers non-export items like oil, steel, cement, power, ports, airports because a known playbook exists. Foreign competition disallowed, 100% domestic capture, predictable profits, multi-billion mkt cap, zero R&D.

China’s R&D Mentality

a. China controls 94% of global LFP capacity. Chinese Companies: CATL: 37%; BYD: 23% (BYD became a car-maker); Others: 34%

b. LFP technology did not fall from heaven into China's lap. 30 years ago nobody wanted LFP. LFP was cheap and safe, but it had a failing. Its conductivity was so poor it could hardly deliver current.

c. US researchers gave up on LFP after a long struggle as it looked impossible to crack. But it was obvious that LFP would one day win because it involved abundant, low-cost raw materials.

BYD 2002-2020: Lessons in R&D
18 Years of Blood, Sweat & Tears

2002: BYD was a small battery-maker founded by Wang Chuanfu, an orphan from one of China’s poorest provinces. Wang chose the long and painful road of LFP when everyone else believed it was the road to bankruptcy.

In 2002, BYD’s earliest investor was Charlie Munger. Charlie said: “I invested because Wang was a “chemistry genius” and a “fanatic who worked 70 hrs a week.”

2005: In 2005, BYD developed its first in-house LFP cell.

2008: BYD launched the world’s first hybrid electric vehicle running on its own LFP – three months after Warren Buffett bought $230 million of BYD stock.

2009-2012: Commercial testing was critical to scale up the technology. But car owners were not ready to buy EVs. Chinese govt backed the technology with “10 Cities, 1000 Vehicles” program, which put LFP on municipal buses and taxis.

2016-2018: The Darkest Years: Conventional NMC technology raced ahead due to govt subsidies. Competition intensified. Industry slogan became: “LFP is dead; stop burning money.”

2019: Near-Death Experience: BYD's net profit to shareholders fell to $267 million, while R&D expenses swelled to $1.25 billion. BYD had bet its last shirt on the technology.

2020: Redemption at Last: BYD’s legendary Blade Battery was born. It worked like a dream, having survived years of failures, bottlenecks, countless iterations, rebuilding of entire production lines, and a devastating lab fire.

R&D: How to Conquer the World

a. Dozens of Chinese EV and battery startups living off govt subsidies disappeared. BYD and CATL emerged as the survivors of a domestic bloodbath.

b. In 2025, the world’s largest EV seller BYD spent 9% of its sales revenue (not profit) on R&D. CATL spent 6%. To understand the scale: In 2025, CATL had 20,000 research staff and 43,000 patents & applications.

2025 BYD R&D Expense: $9B
2025 BYD Profit: $4.5B (Half)

c. China has innumerable companies today with such suicidal R&D expense ratios. India has ZERO because with a license raj DNA, the Indian promoter has no mad desire to change the world. He just wants to die rich.

India's Ambani-Adani Equation

The following equation sums up India's economic curse:

When you have zero R&D, your profit becomes:

$4.5B + $9B = $13.5B

India's family-owned conglomerates, thriving on protectionist policies, do not wish to waste even one dollar on R&D and innovation.

Their vision for India is to leave billions to their children. And the children think licensing another's IP is their birthright: “China has weaponized battery technology against us.”

@arabicatrader

[Mr Tiwaree ™ 🚨 @MrTiwaree]

Such videos shake the soul.

Their rights are being eaten by leaders like Ramdas Athawale, Chirag Paswan and Ravan.

[Paresh Kale @PareshKaleIITB]

@FI_InvestIndia @nsitharaman Salary vs LTCG tax is a policy choice. The government uses the Section 87A rebate to protect active livelihood income, making a ₹12L salary tax-free. However, it blocks this rebate on investment gains (LTCG), treating capital profits as wealth surplus to be taxed.

[Paresh Kale @PareshKaleIITB]

@Ravisutanjani Not sure about best, but worst is service from @SBICard_Connect @OfficialSBICare .

I am sure after this tweet, i will get an automated reply saying sorry and dm the issue. 😅

[Paresh Kale @PareshKaleIITB]

@EurekaforbesIN This is final notice to @Eureka_ForbesIN . Will move to court if issue not resolved and delay, frustration not compensated appropriately.

[Paresh Kale @PareshKaleIITB]

Cant understand most companies are least bothered about post sales service.
Now its @EurekaforbesIN. Software glitches, no technicians for amc, no resolutions, and what not. Every company same story. Why?

[Paresh Kale @PareshKaleIITB]

@EurekaforbesIN Still no response after multiple DMs. Whats going on?

[Aakash Gupta @aakashgupta]

Taiwan solved tax evasion in 1951 with a trick so cheap it should embarrass every tax authority on the planet.

The problem was an all-cash economy full of small shops. A merchant pockets the cash, skips the receipt, and the sale never existed. Auditors can't catch what was never recorded, and hiring enough of them to watch every noodle stand costs more than the missing tax.

So finance chief Ren Xianqun flipped the incentive. Print a lottery number on every receipt. Draw winners every two months on live TV. Top prize today: NT$10 million, about $310K.

Suddenly the customer and the shopkeeper want opposite things. The merchant wants the sale off the books. The customer wants the ticket. And there are millions more customers than merchants. Every transaction now carries a built-in witness demanding the paper trail.

Year one, reported tax revenue jumped 75%, from NT$29 million to NT$51 million. Seventy-five years later, roughly 70% of Taiwanese still play. Convenience stores redeem the smallest NT$200 prizes at the register, so even a coffee receipt feels like a scratch card.

The elegant part is what the audit force costs. The prize pool runs about NT$7 billion a year, roughly $20 million. In exchange, the government gets 23 million unpaid auditors working every checkout line in the country, forever. No inspector general on earth delivers that coverage at that price.

Greece, Italy, Portugal, and Slovakia all copied it. The most effective compliance tool ever built looks like a game, and that's exactly why it works.

[Paresh Kale @PareshKaleIITB]

@AmazonHelp So you dont understand that the post is about the timing of delivery. Who trains you people?

[Paresh Kale @PareshKaleIITB]

@amazonIN
Out for delivery: 9AM

Delivery attempted : 11.30 PM.

That too in a small town. 😅

[Paresh Kale @PareshKaleIITB]

Make ' Larry ' PM. He is certainly qualified by now. #Larry #PM #UK @Number10cat @10DowningStreet

[Paresh Kale @PareshKaleIITB]

Me to highway patrol van police: people are driving on wrong side,that too in front of you. It can cause accident.

Police: सर उनका घर ये बाजू है. घर जा रहे है. अब पूरा घुम के दूरसे क्यों जाएंगे न?

Joke courtesy: @CGPoliceDept
@NHAIINDIA @nitin_gadkari @PMOIndia

[Paresh Kale @PareshKaleIITB]

@atomberg_tech @AtombergCares 1st May Janhavi told repair will be done by 2nd may. I asked what if not. As promised this is a humiliation post. Nothing has happened even after multiple promises. Kudos @AtombergCares you are so consistent. Keep going.

[Paresh Kale @PareshKaleIITB]

My advice, dont buy atomberg products. Problem is after sales service, part availability, poor response, dont care attitude, logistics and response issues.
If you have better alternative please suggest in comment. @atomberg_tech @AtombergCares

[Paresh Kale @PareshKaleIITB]

@AtombergCares 15 days no solution yet. Status quo.

[Saffron Monk @mangeshspa]

A self-proclaimed Marathi crusader demanded to know why industries hire migrants instead of local youth.

The entrepreneur replied: "I need 40 skilled workers. Bring me 40 qualified Marathi candidates."

The job was advertised across every Marathi group imaginable.

Result after one month? Not a single local applicant.

Today, the activist publicly apologized.

This is a reality check for Marathi chauvinists and MNS street thugs who target migrants instead of addressing the real issue, skill shortages and employability.

@marathi_bola @ekikaranmarathi @mnsreport9
@mnsadhikrut @RajThackeray

[Paresh Kale @PareshKaleIITB]

Stop this nonsense bots and ask real human being to reply.

[Atomberg Cares @AtombergCares]

@PareshKaleIITB Hi, we’re truly sorry for the inconvenience. Kindly share your contact details via DM — we’ll take it from here and make sure this gets sorted without further delay.

[Paresh Kale @PareshKaleIITB]

@atomberg_tech @AtombergCares is so horrible in post sales service. Even after 72 hours has passed no action on the complaint raised. Unfortunate to see the owner is from my alma matter. Mere good product doesent make you good company.