Amara Raja Advanced Cell Technologies, an arm of Amara Raja Energy & Mobility, has signed a Memorandum of Understanding with Piaggio Vehicles, Indian arm of the Italian auto giant Piaggio Group, for development and supply of lithium batteries and EV chargers for Piaggio India electric vehicles.
As part of this agreement, Amara Raja will collaborate with Piaggio India to develop and supply lithium iron phosphate (LFP) Lithium-ion cells and chargers for Piaggio electric vehicles and also develop cells and battery packs for their upcoming offerings. These batteries cells, packs and EV chargers will be produced locally at Amara Raja’s gigafactory in Divitipally, Telangana.
Amara Raja also announced the inauguration of the Phase 1 of its lithium battery pack plant with a current capacity of 1.5 GWh at Divitipally, Mahabubnagar district. The plant makes Li-ion battery packs specifically suited for Indian conditions and will supply to EV manufacturers and stationery energy storage applications. Amara Raja also laid the foundation stone for the Customer Qualification Plant (CQP) for cell manufacturing at Divitipally.
The CQP will become operational by the first quarter of FY 2025-26 and will produce various cell types for customer testing and validation.
Amara Raja has been a supply partner to Piaggio India since 2020. It has manufactured and supplied 50,000 NMC Li-ion battery packs and EV chargers exclusively to Piaggio India which has had a cumulative run of over 120 crore kms till now.
Recently, Amara Raja entered into an LFP technology licensing agreement with GIB EnergyX Slovakia, an arm of China-based Gotion High-Tech. The agreement enables Amara Raja to manufacture LFP cells, in both cylindrical and prismatic form factors, specifically suited for Indian conditions.
The company also has an agreement with Jiangsu Highstar Battery Manufacturing Co. for NMC technology.
Amara Raja aims to be one of the largest manufacturers of Li-ion and other advanced chemistry cells for e-mobility and energy storage markets in India. It had announced an investment of INR 9,500 crore to establish a 16 GWh gigafactory in Telangana. Additionally, the company is establishing a state-of-the-art advanced research and innovation centre called ‘ePositive Energy Labs’ in Hyderabad.
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