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Amara Raja and Piaggio India sign a strategic MoU to develop and supply LFP Lithium-Ion cells and chargers for electric vehicles, marking a major advance in India’s energy transition.
Key Points
- Amara Raja has signed an MoU with Piaggio India to develop and supply Lithium-Ion cells and chargers for electric vehicles, focusing on LFP cells for Piaggio’s 3-Wheeler and upcoming 2-Wheeler models.
- The collaboration is a key step in Amara Raja’s efforts to support India’s energy transition.
- Amara Raja has inaugurated the first phase of its battery pack plant, with a 1.5 GWh capacity, designed to cater to EV OEMs and stationary energy storage needs.
- The company’s Customer Qualification Plant (CQP) for cell manufacturing is set to begin operations by the first quarter of the next financial year.
- Amara Raja has expanded its global presence by acquiring a stake in Norwegian battery firm InoBat AS, signaling its commitment to the global battery market.
In a significant development for the electric vehicle (EV) sector, Amara Raja Batteries Ltd. has announced a strategic partnership with Piaggio India. This collaboration, formalized through a Memorandum of Understanding (MoU), will see Amara Raja develop and supply Lithium Iron Phosphate (LFP) Lithium-Ion cells and chargers for Piaggio’s electric vehicles, including their 3-Wheeler models and future 2-Wheeler offerings.
The partnership underscores Amara Raja’s commitment to driving India’s energy transition by enhancing local production of advanced battery technologies. The agreement was unveiled during the groundbreaking ceremony for Amara Raja’s Customer Qualification Plant (CQP) in Divitipally, Mahabubnagar district. The CQP is set to become a cornerstone in the company’s efforts to innovate and refine cell chemistry tailored to customer needs.
Additionally, Amara Raja has launched the first phase of its new battery pack plant, which boasts a capacity of 1.5 GWh. This facility is designed to produce Lithium-Ion battery packs that meet the specific requirements of the Indian market, supporting both EV manufacturers and stationary energy storage solutions. The CQP is anticipated to commence operations by the beginning of the next financial year, marking a milestone in India’s battery manufacturing capabilities.
The strategic partnership with Piaggio is complemented by Amara Raja Energy & Mobility’s (ARE&M) recent collaboration with Gotion Inobat (GIB). This alliance aims to advance technology and manufacturing solutions, further strengthening the company’s position in the energy sector. Vikramadithya Gourineni, Executive Director of ARE&M, highlighted the importance of these advancements in propelling India’s energy transition, emphasizing that the CQP represents a pioneering initiative in the country.
In addition to domestic developments, Amara Raja has made notable strides on the global stage. The company recently acquired a significant stake in Norwegian battery manufacturer InoBat AS, investing approximately Rs 170 crore (20 million euros) to increase its stake to 9.32 percent. This move solidifies Amara Raja’s role in the international battery manufacturing industry and reflects its broader strategic goals.
As Amara Raja continues to forge key partnerships and expand its technological capabilities, it is well-positioned to influence the future of sustainable energy solutions both in India and across the globe.
