Ahamani EV Tech Forms Joint Venture With Renon India To Produce Battery Packs

- Advertisement -
  • There has been a joint investment of $3.7 million in the JV company
  • The JV will also address various battery-related challenges like cost, energy density, lifecycle, charging time and safety
Image for representation (pic credit-depositphotos)

According to a report by Economic Times, Taiwanese electric vehicle (EV) maker Ahamani EV Tech has formed a joint venture (JV) with battery maker Renon India to produce battery packs for the Indian automobile market. The report also said that there has been a joint investment of $3.7 million in the JV company to build customised battery packs. The joint venture company is developing a battery factory in Surat with an initial capacity of 200 MWh per annum as per the report. The capacity will be expanded to 1GWh over the next few years.

The report also said that new joint venture aims to provide reliable and cutting-edge technology battery packs that will have higher lifecycle to automakers domestically. The joint venture will also address various battery-related challenges like cost, energy density, lifecycle, charging time and safety. It will also work towards stable supply capacity and create effective recycling structures.

Right time to enter Indian market

- Advertisement -

The report said that T.C. Kung, CEO, Ahamani said that the company has been developing battery packs since last 20 years for various EV applications and this time is suitable for the company to position itself as reliable and heavy-duty battery packs for the Indian market. As per the report, Vineet Mittal, director, Renon India said that the company sees two and three-wheelers to be the first ones to transform to electric. He added that Ahamani is a good choice for teh joint venture for manufacturing reliable and high-tech lithium batteries for electric vehicles.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Reality AI, Renesas, RTOS, RZ/N2L

RZ/N2L MPUs By Renesas

0
Renesas recently announced the range of RZ/N2L microprocessor units (MPUs) which aims to simplify the implementation of industrial ethernet communications and claims to make...
South Korea Gunning For Chip Supremacy, CamGraPhIC, CMOS

Potential Platform for Beyond CMOS Electronics?

0
A group of researchers who are a part of an RMIT-led multinational collaboration, recently reported that they have for the first time observed the...

New Policy Push For Floating Solar Projects

0
A new policy for Solar energy is underway, which would incentivise investment in floating solar power generation. Though the technology needed is expensive, it...

Exclusive

Chinese Phones For Less Than 12k, Not Allowed!

0
The central government is aiming to put some restrictions on Chinese smartphones holding the Indian market. Made-in-China giants like Xiaomi and others have managed...

“Inquisitiveness To Explore Makes A Big Difference…”

0
There are many who aspire to hold prestigious positions at big corporate houses, but very few are willing to work hard enough for it....
Japanese, InnovationLab

InnovationLab Unveils Additive PCB Production

0
InnovationLab, a printed electronics company, “from lab to fab,” recently claimed that it has achieved a breakthrough in additive manufacturing of PCBs, which in...

Important Sectors

Reality AI, Renesas, RTOS, RZ/N2L

RZ/N2L MPUs By Renesas

0
Renesas recently announced the range of RZ/N2L microprocessor units (MPUs) which aims to simplify the implementation of industrial ethernet communications and claims to make...
South Korea Gunning For Chip Supremacy, CamGraPhIC, CMOS

Potential Platform for Beyond CMOS Electronics?

0
A group of researchers who are a part of an RMIT-led multinational collaboration, recently reported that they have for the first time observed the...

New Policy Push For Floating Solar Projects

0
A new policy for Solar energy is underway, which would incentivise investment in floating solar power generation. Though the technology needed is expensive, it...

Chinese Phones For Less Than 12k, Not Allowed!

0
The central government is aiming to put some restrictions on Chinese smartphones holding the Indian market. Made-in-China giants like Xiaomi and others have managed...
South Korea Gunning For Chip Supremacy, CamGraPhIC, CMOS

CamGraPhIC Raises Funds For Photonics

0
Cambridge University’s innovation CamGraPhIC has recently raised £800,000 from Wealth Club clients via an Enterprise Investment Scheme (EIS). Overall, the company has raised over...

Manufacturing

New Policy Push For Floating Solar Projects

0
A new policy for Solar energy is underway, which would incentivise investment in floating solar power generation. Though the technology needed is expensive, it...

Chinese Phones For Less Than 12k, Not Allowed!

0
The central government is aiming to put some restrictions on Chinese smartphones holding the Indian market. Made-in-China giants like Xiaomi and others have managed...

Polymatech Will Invest USD 1 Billion On Expansion

0
Polymatech semiconductor manufacturing and packing facility is expected to produce 250 million chips per year with an investment of USD 1 Billion. The company will...

Third-largest by 2026: Indian Auto Sector

0
Going by the latest report of Invest India, the automotive sector will reach the mark of $300 billion by 2026. It will make India...

Flex Sees Growth With Smart Cities Mission

0
Flex CEO Revathi Advaithi, who started with the benign manufacturing field and now sits at the helm of this multinational company, considers the growing...