Amara Raja - Strategic Move In The Right Direction: Motilal Oswal

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Motilal Oswal Report

We attended Amara Raja Energy and Mobility Ltd.’s analyst call wherein the management discussed its recently announced strategic technology collaboration with Gotion-InoBat Batteries.

As part of the agreement, GIB EnergyX will provide Amara Raja Advanced Cell Technologies (ARACT) with Gotion’s world-class LFP technology for lithium-ion cells.

Amara Raja has already committed 2GWh for NMC chemistry and plans to set up 4-6GWh for LFP (currently in the planning stage) over the next two years, following NMC.

Gotion, one of the top five battery manufacturers in China, ranked among the top three in LFP chemistry and top 10 globally, specializing in cylindrical LFP cells, an area with limited competition. This comprehensive agreement enables Amara Raja to manufacture world-class LFP cells in both cylindrical and prismatic form factors.

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