Amara Raja Energy & Mobility (AREM) has taken a significant stride towards solidifying India’s position as a global electric vehicle (EV) hub. The company announced a strategic partnership with Ather Energy on August 1, 2024, to collaborate on the development and supply of advanced lithium-ion cells for electric two-wheeler batteries.
This collaboration marks a pivotal moment for the Indian EV ecosystem. Amara Raja’s upcoming Gigafactory in Divitipally, Telangana, will be the production hub for these cutting-edge Nickel Manganese Cobalt (NMC) and Lithium Iron Phosphate (LFP) cells. With an ambitious investment of Rs 9,500 crore, the company aims to become a leading manufacturer of Li-ion and advanced chemistry cells in India.
The partnership with Ather Energy is a strategic move to capitalize on the burgeoning electric two-wheeler market in India. By localizing the production of lithium-ion cells, Amara Raja and Ather Energy aim to reduce costs, enhance supply chain efficiency, and contribute to India’s self-reliance in EV technology.
Tarun Mehta, co-founder and CEO of Ather Energy, expressed enthusiasm about the partnership, highlighting its role in optimizing costs and tailoring lithium-ion cells to Ather’s specific requirements. Amara Raja’s recent agreement with Gotion-InoBat-Batteries (GIB) to localize LFP technology further strengthens its position in the EV battery landscape.
The Indian electric two-wheeler market is poised for exponential growth, with industry projections indicating a 40% penetration rate by 2030. Amara Raja’s collaboration with Ather Energy positions both companies at the forefront of this revolution, driving innovation and sustainable mobility solutions.
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