Taiwanese electric vehicle (EV) giant Ahamani EV Tech has inked a joint venture (JV) with Renon India to manufacture battery packs for India as well as international automobile markets. The two companies will jointly investment $3.7 million to build customised battery packs.
A battery factory in Surat, Gujarat is being developed with an initial capacity of 200 megawatt hour (Mwh) per annum. Over the next few years this capacity will be expanded further to 1GWh.
According to T C Kung, chief executive officer, Ahamani, their company has been developing battery packs since two decades for various EV applications. "We see this as a right time to position our heavy-duty battery packs for the Indian market. Indian automobile market is evolving very fast and opening up doors for more innovation and reliable products and we are highly committed to prime minister Narendra Modi’s 'Make in India' program,” said Kung.
This JV with Gujarat-based Renon India will produce higher lifecycle battery packs targeting automakers who are aggressively expanding the EV market. As consumer needs for EVs evolve automakers are working to address energy and climate change related issues that has created huge demand for lithium batteries.
Vineet Mittal, director, Renon India, said, this is their group company's third venture in sustainable business. “We see two and three wheelers to be the first ones to transform to electric and this creates a lot of opportunity for us,” he said.
The initial offerings of the company would include LFP (Lithium Ferrous Phosphate) and NMC battery packs for two- and three-wheeler EVs, which will be customised as per the industry requirements, said Ankit Kumar, director and chief of strategy, Ahamani.
Apart from offering advanced technology, the joint venture will also look to tackle numerous battery-related challenges including cost, energy density, lifecycle, charging time and safety, thereby ensuring stable supply capacity as well as effective recycling structures.
(The writer is an Independent Business Journalist and can be reached at ashishktiwari.1976@gmail.com)
A battery factory in Surat, Gujarat is being developed with an initial capacity of 200 megawatt hour (Mwh) per annum. Over the next few years this capacity will be expanded further to 1GWh.
According to T C Kung, chief executive officer, Ahamani, their company has been developing battery packs since two decades for various EV applications. "We see this as a right time to position our heavy-duty battery packs for the Indian market. Indian automobile market is evolving very fast and opening up doors for more innovation and reliable products and we are highly committed to prime minister Narendra Modi’s 'Make in India' program,” said Kung.
This JV with Gujarat-based Renon India will produce higher lifecycle battery packs targeting automakers who are aggressively expanding the EV market. As consumer needs for EVs evolve automakers are working to address energy and climate change related issues that has created huge demand for lithium batteries.
Vineet Mittal, director, Renon India, said, this is their group company's third venture in sustainable business. “We see two and three wheelers to be the first ones to transform to electric and this creates a lot of opportunity for us,” he said.
The initial offerings of the company would include LFP (Lithium Ferrous Phosphate) and NMC battery packs for two- and three-wheeler EVs, which will be customised as per the industry requirements, said Ankit Kumar, director and chief of strategy, Ahamani.
Apart from offering advanced technology, the joint venture will also look to tackle numerous battery-related challenges including cost, energy density, lifecycle, charging time and safety, thereby ensuring stable supply capacity as well as effective recycling structures.
(The writer is an Independent Business Journalist and can be reached at ashishktiwari.1976@gmail.com)
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