Foto

Amara Raja Energy & Mobility signs technical licensing agreement with GIB Energy for LFP cell production

Amara Raja Energy & Mobility Ltd (ARE&M), a prominent battery manufacturer in India, has inked a technical licensing agreement with GIB EnergyX Slovakia s.r.o., a subsidiary of Gotion High-tech Co Ltd, to produce iron phosphate cells and lithium (LFP) using licensed technology. The agreement, signed on June 24, 2024 in Bratislava, lays the foundation for Amara Raja Advanced Cell Technologies Pvt. Limited. Ltd (ARACT), a subsidiary of ARE&M, to manufacture world-class LFP cells in cylindrical and prismatic formats.

The technical licensing agreement grants Amara Raja access to Gotion's advanced LFP cell technology, including intellectual property (IP) rights, support for the establishment of gigafactory facilities, integration with Gotion's global supply chain for critical materials for batteries and customer technical support. This synergy will strengthen Amara Raja's efforts to operationalize its Gigafactory manufacturing capacities and advanced R&D centre, 'ePositive Energy Labs'.

"Last year, Amara Raja announced an investment outlay of Rs 9,500 crore to establish the Amara Raja Giga corridor in the state of Telangana. The company aims to keep its products competitive and contemporary through access to continuous improvements in the cell performance and process efficiency throughout the partnership period," reflects the company's commitment to innovation and capability development.

Gotion High-tech, a global leader in battery technology, operates 8 research and development centers worldwide, has 8,000 patented technologies and 20 manufacturing locations. With an expected capacity layout of 300 GWh by 2025, the company stands out in the new global energy landscape.

Vikramadithya Gourineni, Executive Director of ARE&M, said: "We are very excited to announce our deepening partnership with Gotion and InoBat. We have invested a lot of time and effort over the last few years to understand the new global energy landscape and made a calculated decision to be part of the evolving lithium battery ecosystem through our investment in InoBat. Collaborating further with GIB through their 'Global C2C Alliance' gives us great confidence to strengthen our technology and security of supply. “We are confident that this partnership will help us accelerate our efforts to establish the Amara Raja Giga corridor, while Gotion’s acumen lends significant credibility to our venture.”

Amara Raja Energy & Mobility GIB Energy ,Amara Raja Energy & Mobility, GIB Energy, LFP cell production, Gotion High-tech, ARACT, lithium iron phosphate

Jayadev Galla, Chairman and Managing Director of ARE&M, said: “Last year’s announcements about our investments in the new energy space are part of the start of a new era that we call Amara Raja 3.0. We strongly believe that India will be one of the fastest growing electric vehicle markets and that Gotion's globally proven technology, coupled with our three decades of experience in the energy and mobility space, will be a winning combination. Throughout our history, we have cultivated deep relationships with customers across industrial and automotive battery applications who trust Amara Raja to continually deliver the best solutions for all their needs. At Amara Raja 3.0, we will once again support our customers as they navigate their own roles in the energy transition.”

GIB, a joint venture between Gotion High-tech and InoBat, has also signed an investment agreement with the Government of Slovakia to develop the first LFP battery gigafactory in the country, positioning itself as a major player in the battery manufacturing landscape in Europe.

InoBat, another major contributor to the partnership and an innovator in lithium battery technology, focuses on advanced applications such as electric aviation and aims to develop a robust "cradle-to-cradle" ecosystem within the battery value chain.

Stephen Kay, Chairman of GIB EnergyX and Director at Gotion High-tech Co, remarked: “India is an exciting market with significant growth potential and we greatly value Amara Raja's corporate values, its success in the Indian market with storage products of energy and the strong strength of its It has Amara Raja." Customer relationships that it has built over the years. Gotion has built a strong competitive position through its product technology and manufacturing expertise from Gigafactory to over the years, and continues to deliver innovative solutions across the new energy value chain. We are happy to partner with Amara Raja to offer our LFP technology that will greatly benefit Indian customers in their energy transition journey.

The strategic alignment between Amara Raja, GIB and Gotion underlines a shared vision to strengthen India's position in global battery manufacturing, particularly in line with the country's drive towards electric vehicles and renewable energy. This collaboration is expected to enhance Amara Raja's product offering, drive innovation and secure a strong market position in the rapidly evolving energy sector.

Also Read: Maruti Fronx Velocity Edition: All you need to know

previous POST
foto
Maruti Fronx Velocity Edition: All you need to kno...
NEXT POST
foto
India-spec Citroen C3 Aircross vs Euro-spec C3 Air...

Related Posts

foto
How to check challan
foto
6 Things to Consider while Choosing a Colour for Y...
foto
BMW CE 04 Electric Scooter Launched In India At Rs...
foto
BMW has introduced the new 5 Series LWB in India, ...