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Amara Raja partners with Chinese EV battery maker Gotion; stock jumps 20%
GIB EnergyX will license Gotion’s lithium iron phosphate (LFP) technology for lithium-ion cells to Amara Raja Advanced Cell Technologies.
GIB EnergyX will license Gotion’s lithium iron phosphate (LFP) technology for lithium-ion cells to Amara Raja Advanced Cell Technologies.
Bids received are seven times the manufacturing capacity of 10 GWh to be awarded.
ICRA says demand for EV batteries in India is expected to reach around 15 gigawatt hours (GWh) by 2025 and 60 GWh by 2030.
The stock hit an intraday high of ₹423.65, taking the company's market cap to over ₹35,000 crore.
Indian Oil is anticipating a rise in demand for batteries for two- and three-wheeler vehicles and energy storage systems in the Indian market
The electric two-wheeler startup stumbled upon operational challenges while testing out some prototypes.
TDK is setting up a 180-acre facility in Manesar, Haryana to build cells for batteries.
India has a chance to catch up with the front-runners such as China, says report
JLR and Tata Motors will be anchor customers, says Tata Group
Gujarat gigafactory will ensure 'political de-risking' and control of the whole supply chain, says Tata Motors