Mahanagar Gas dives into battery cell manufacturing with a mega India-based giga factory

Mahanagar Gas dives into battery cell manufacturing with a mega India-based giga factory

Mahanagar Gas Limited (MGL) is making a bold move into India’s lithium-ion cell manufacturing industry, partnering with California-based International Battery Company, Inc. (IBC US). Through a Share Subscription Agreement (SSA) and Shareholding Agreement (SHA) signed on November 7, 2024, MGL will secure a 40% stake in International Battery Company India Private Limited (IBC India), a […]

Amara Raja Advanced Cell Technologies forms key partnership to boost India’s EV market

Amara Raja Advanced Cell Technologies forms key partnership to boost India’s EV market

Amara Raja Advanced Cell Technologies Pvt. Ltd (ARACT), a subsidiary of Amara Raja Energy & Mobility Ltd (ARE&M), has forged a significant partnership by signing a technical licensing agreement with GIB EnergyX Slovakia s.r.o., linked to Gotion High-Tech Co Ltd. This move is poised to enhance their capabilities in the rapidly growing electric vehicle (EV) […]