Amara Raja collaborates with GIB because it believes that Indian electric vehicles will predominantly use Lithium Iron Phosphate technology for lithium-ion cells.
In June 2024, Amara Raja, an Indian battery manufacturer, signed a technology licensing pact with the Slovakian company Gotion High Tech and Inobat (GIB). Through this agreement, GIB will license Gotion’s top-tier LFP ( Lithium Iron Phosphate) technology for lithium-ion cells to Amara for electric vehicles in India.
Through this collaboration pact, Amara Raja seeks to target 16 GW of cells and accelerate its effort to set up a large-scale research, development, and manufacturing site in the southern Indian state of Telangana. The initial phase of this factory, with a 2 GWh capacity, is expected to commence commercial operations by the end of the 2025-26 fiscal year.
Additionally, Amara Raja plans to invest INR 95 billion ($1.14 billion) to establish the Telangana site to produce lithium-ion cells for EVs and other energy-storage uses.
The agreement enables Amara Raja to manufacture LFP cells using cylindrical and prismatic form factors.
The licensing scope provides access to cell technology IP, support in establishing gigafactory facilities conforming to the latest generation process technologies, integration with Gotion’s global supply chain network for critical battery materials, and customer technical support for solution deployment.
Executive Director, ARE&M Vikramadithya Gourineni highlighted that Gotion’s technology transfer and service support will fully complement their efforts to establish Amara Raja Gigafactory manufacturing facilities and its advanced research and innovation centres, ‘ePositive Energy LabsCorridor.
Amara Raja Energy & Mobility’s shares rallied 16.59 per cent on the NSE to trade at ₹1,609 as of 12:06 p.m. The stock hit a new high of ₹1,656.05 today.
