India's Amara Raja inks licensing deal with China's Gotion for lithium-ion cell manufacturing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2024
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Source: reuters
- Amara Raja Energy and Mobility: Signed a licensing agreement with Gotion-InoBat-Batteries to produce lithium-ion batteries in India.
- GIB EnergyX Slovakia: Joint venture between Gotion and InoBat will license Gotion's lithium iron phosphate technology to Amara Raja.
- Agreement Details: Amara Raja will gain access to cell technology IP, support for Gigafactory facilities, and integration into Gotion's global supply chain network.
- Industry Trends: Indian automakers are investing in developing lithium-ion battery production capabilities within the country.
- Partnerships: Exide Energy Solutions partnered with SVOLT, Hyundai Motor Co, and Kia Corp for battery supply and manufacturing gigafactories in India.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
