Tata AutoComp Systems, India’s leading automotive component major, has signed a joint venture with Chinese company Guoxuan Hi-Tech to design, engineer, manufacture and supply battery packs for the Indian four-wheeler market.
The joint-venture company has started a prototype manufacturing operation in Pune. The prototype facility was inaugurated by Zhen Li, chairman, Guoxuan Hi-Tech and Arvind Goel, MD and CEO, Tata AutoComp Systems. Tata AutoComp’s offerings to the emerging EV segment now include battery pack, battery cooling system, battery management system, radiator and DC chargers.
Arvind Goel, MD and CEO, Tata AutoComp Systems, said, “At Tata AutoComp, it is our endeavour to bring the latest technology and solutions to our customers. With the advent of EVs, the need for battery packs would be significant and we see a huge opportunity in this market. We are pleased to have Guoxaun Hi-Tech as our partner, which has been offering cutting-edge technology in battery packs.”
Zhen Li, chairman, Guoxuan High-Tech, said, “India and China face similar problems of a growing aspirational population and increasing pollution. We believe that we must work towards sustaining the planet and are developing solutions for future energy needs such as EVs. We are pleased to partner with Tata AutoComp which shares the same value system.”
Also read: Interview with Tata AutoComp's Arvind Goel: 'We have made significant advancements in EVs across segments.'