Amara Raja works with GIB because it thinks lithium-ion cell technology based on lithium iron phosphate will be the main technology used in Indian electric vehicles.
The Slovakian businesses Gotion High Tech and Inobat (GIB) and Amara Raja (an Indian battery producer) inked a technology licensing agreement in June 2024. With this deal, GIB will grant Amara a license to use Gotion’s cutting-edge LFP (Lithium Iron Phosphate) technology for lithium-ion cells in electric vehicles in India.
By means of this collaboration agreement, Amara Raja aims to reach 16 gigawatt-hours of cell production and expedite the establishment of a vast research, development, and manufacturing facility in the southern Indian state of Telangana. It is anticipated that the 2 GWh capacity of this factory’s first phase will begin commercial operations by the end of the 2025–2026 fiscal year.
Amara Raja also intends to invest INR 95 billion ($1.14 billion) in Telangana in order to set up a facility for the production of lithium-ion cells for electric vehicles and other energy-storage applications.
Through the arrangement, Amara Raja can use prismatic and cylindrical form factors to produce LFP cells.
Access to intellectual property related to cell technology, assistance in building gigafactories that adhere to cutting-edge process technologies, integration with Gotion’s extensive global supply chain network for essential battery materials, and client technical support for solution deployment are all included in the licensing scope.
Gotion’s technology transfer and service support will fully complement ARE&M’s efforts to construct the Amara Raja Gigafactory manufacturing facilities and its advanced research and innovation centers, “ePositive Energy LabsCorridor,” according to Executive Director Vikramadithya Gourineni.
As of 12:06 p.m., Amara Raja Energy & Mobility’s shares were trading at ₹1,609 on the NSE, up 16.59%. the stock reached a new high of ₹1,656.05.
