Business Update24 Jun 2024, 10:31 pm
Amara Raja Energy & Mobility Ltd Signs Tech Collaboration with Gotion-InoBat-Batteries for LFP Cell Manufacturing
AI Summary
Amara Raja Advanced Cell Technologies Pvt. Ltd (ARACT), a subsidiary of Amara Raja Energy & Mobility Ltd (ARE&M), has signed a technical licensing agreement with GIB EnergyX Slovakia s.r.0., a subsidiary of Gotion High-Tech Co Ltd. This comprehensive agreement enables Amara Raja to manufacture world class LFP cells in both cylindrical and prismatic form factors. The technology transfer and service support will complement Amara Raja’s efforts to operationalize its Gigafactory manufacturing capacities and its advanced research and innovation centre, ‘e+ Energy Labs’. Last year, Amara Raja announced an investment outlay of Rs 9,500 crores to establish the Amara Raja Giga Corridor in the state of Telangana.
Key Highlights
- Amara Raja Energy & Mobility Ltd signs a tech licensing agreement with GIB EnergyX Slovakia s.r.0., a subsidiary of Gotion High-Tech Co Ltd.
- The agreement enables Amara Raja to manufacture world class LFP cells in both cylindrical and prismatic form factors.
- The technology transfer and service support will complement Amara Raja’s efforts to operationalize its Gigafactory manufacturing capacities and its advanced research and innovation centre.
- Amara Raja and Gotion are both shareholders and board members of InoBat, an emerging lithium battery technology company in Slovakia.
- Gotion High-Tech has 8 global R&D centers, 8,000 patented technologies covering the battery industry value chain, 20 major manufacturing locations around the world, and a capacity layout expected to reach 300GWh by 2025.