New Delhi, Amara Raja Advanced Cell Technologies Pvt Ltd on Monday said it has signed a licensing agreement with GIB EnergyX Slovakia s.r.o., for lithium-ion cell technology.
As part of the deal, GIB EnergyX, a subsidiary of Gotion High-Tech Co Ltd, will license Gotion's 'LFP technology' for lithium-ion cells to Amara Raja Advanced Cell Technologies (ARACT), a wholly-owned arm by Amara Raja Energy. & Mobility Ltd (ARE&M), the company said in a statement.
"This comprehensive agreement enables Amara Raja to manufacture world-class LFP cells in both cylindrical and prismatic form factors," he added.
The scope of the license provides access to IP cellular technology, support for establishing gigafactory facilities that accommodate next-generation process technologies, integration with Gotion's global supply chain network for critical battery materials, and technical support to the client for the implementation of solutions, according to the statement.
"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," the chairman said. and CEO of ARE&M, Jayadev Galla. .
GIB EnergyX Chairman and Gotion HighTech Co-Head Steven Cai said the partnership with Amara Raja should significantly benefit Indian customers in their energy transition journey.
"India is an exciting market with significant growth potential and we deeply appreciate Amara Raja's corporate values, their success in the Indian market with energy storage products and the strong customer relationships they have built over the years. "he added.
Gotion has built a strong competitive position with its product technology and gigafactory manufacturing expertise over the years and continues to offer innovative solutions across the new energy value chain, Cai said.
Amara Raja and Gotion are shareholders and board members of InoBat, a lithium battery technology startup in Slovakia, addressing advanced applications such as electric aviation and developing a robust 'Cradle to Cradle' lithium battery value chain ecosystem. batteries, according to the statement.
GIB is a joint venture between Gotion High-tech and InoBat. It has recently signed an investment agreement with the Slovak government for the development of the country's first LFP battery gigafactory.
As part of the deal, GIB EnergyX, a subsidiary of Gotion High-Tech Co Ltd, will license Gotion's 'LFP technology' for lithium-ion cells to Amara Raja Advanced Cell Technologies (ARACT), a wholly-owned arm by Amara Raja Energy. & Mobility Ltd (ARE&M), the company said in a statement.
"This comprehensive agreement enables Amara Raja to manufacture world-class LFP cells in both cylindrical and prismatic form factors," he added.
The scope of the license provides access to IP cellular technology, support for establishing gigafactory facilities that accommodate next-generation process technologies, integration with Gotion's global supply chain network for critical battery materials, and technical support to the client for the implementation of solutions, according to the statement.
"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," the chairman said. and CEO of ARE&M, Jayadev Galla. .
GIB EnergyX Chairman and Gotion HighTech Co-Head Steven Cai said the partnership with Amara Raja should significantly benefit Indian customers in their energy transition journey.
"India is an exciting market with significant growth potential and we deeply appreciate Amara Raja's corporate values, their success in the Indian market with energy storage products and the strong customer relationships they have built over the years. "he added.
Gotion has built a strong competitive position with its product technology and gigafactory manufacturing expertise over the years and continues to offer innovative solutions across the new energy value chain, Cai said.
Amara Raja and Gotion are shareholders and board members of InoBat, a lithium battery technology startup in Slovakia, addressing advanced applications such as electric aviation and developing a robust 'Cradle to Cradle' lithium battery value chain ecosystem. batteries, according to the statement.
GIB is a joint venture between Gotion High-tech and InoBat. It has recently signed an investment agreement with the Slovak government for the development of the country's first LFP battery gigafactory.
