Amara Raja Advanced Cell Technologies Pvt. Ltd (ARACT), a wholly owned subsidiary of Amara Raja Energy & Mobility, has signed a technical licensing agreement with GIB EnergyX Slovakia, to manufacture LFP cells.
Gotion-InoBat-Batteries (GIB) EnergyX Slovakia is a subsidiary of Gotion High-Tech.
The scope of licensing provides access to cell technology IP, support in establishing Gigafactory facilities conforming to latest generation process technologies, integration with Gotion’s global supply chain network for critical battery materials, and customer technical support for solution deployment.
The technology transfer and service support will fully complement Amara Raja’s efforts to operationalise its Gigafactory manufacturing capacities and its advanced research and innovation centre, ‘e+ Energy Labs’, that aims to lead India’s R&D capabilities in this field.
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 their products competitive and contemporary through access to continuous improvements in cell performance and process efficiencies through the partnership period.
Amara Raja and Gotion are both shareholders and board members of InoBat, an emerging lithium battery technology company in Slovakia, tackling advanced applications such as electric aviation and developing a robust ‘Cradle to Cradle' ecosystem of battery value chain.
GIB, a joint venture between Gotion High-tech and InoBat, has recently signed an investment agreement with the Government of Slovakia for the development of the first LFP battery Gigafactory in the country.
Vikramadithya Gourineni, Executive Director, ARE&M said, "We have invested a lot of time and effort over the past few years to understand the global new energy landscape and made a calculated decision to be a part of the evolving lithium battery ecosystem through our investment in InoBat. Further collaborating with GIB through their ‘Global C2C Alliance’ brings us great confidence in reinforcing our technology and supply security."
"We are sure that this partnership will help us accelerate our efforts in establishing the Amara Raja Giga Corridor while Gotion's acumen lends significant customer credibility to our venture."
Steven Cai, Chairman, GIB EnergyX and Director, Gotion HighTech Co said, "We are pleased with the partnership with Amara Raja to offer our LFP technology which should significantly benefit Indian customers in their energy transition journey."