Amara Raja signs licensing agreement with GIB EnergyX for Li-ion cells tech
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 cells technology.
As part of the agreement, 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 of 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," it added.
The scope of licensing 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, the statement said.
"We firmly believe that India will be one of the fastest growing